M&A · Industrials · Miscellaneous Manufacturing Industries
Kids2, Inc. to acquire Summer Infant, Inc.
Announced Mar 16, 2022 · Closed Jun 22, 2022
Deal value$26MEV $65M
Premium41.2%To unaffected price
EV / Adj. EBITDA—0.5x EV / Revenue
ConsiderationAll cash$12.00 per share
Transaction
- Acquirer
- Kids2, Inc.
- Target
- Summer Infant, Inc.
- Buyer type
- Strategic
- Offer price per share
- $12.00
- Enterprise value
- $65M
- Status
- Closed Jun 22, 2022
Deal protections
- Break fee (target pays)
- $2.3M · 8.9%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- Committed · Wells Fargo
Advisors
- To the acquirer
- Lincoln International
- To the target
- Kroll
Sector context · Industrials
- Comparable deals
- 59 in the prior 24 months
- Premium
- 41.2% vs. 46.9% sector median
- EV / Adj. EBITDA
- Sector median 10.7x
- Break fee
- 8.9% vs. 2.8% sector median
Timeline
- AnnouncedMar 16, 2022
- Proxy filedApr 8, 2022
- Definitive proxyMay 16, 2022
- Shareholder voteJun 16, 2022
- ClosedJun 22, 2022