ADVISER TO SANPOWER OF NANJING, PRC
Grand Avenue Capital was engaged by the Sanpower Group of Nanjing (Jiangsu Province) to assist its publicly traded electronics retail subsidiary in acquiring an electronics retailer in the United States. Sanpower, the second-largest electronics retailer in China, markets computer equipment, digital equipment, game entertainment equipment, life electronic and smart wearable equipment, and other products. Sanpower Group also operates a department store retail business.
Grand Avenue assembled a team of international service providers (legal, accounting, marketing consulting, real estate disposition firm, and human resources consultants) as well as prospective financial partners in order to affect an acquisition campaign. The Grand Avenue team interfaced directly with Yuan Yafei, Chairman of Sanpower.
Fifteen prospective prospects were vetted with numerous facility visits throughout the US introducing Sanpower to the US retail electronics market. Sanpower ultimately acquired Brookstone in a 363 bankruptcy transaction.
Grand Avenue Capital was subsequently engaged by Sanpower to investigate several other US acquisition markets: senior care services and hardware appliance companies, 3D printing companies and optical fiber and cable companies.
About Grand Avenue Capital Investment Bankers
Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution. Grand Avenue Capital becomes a trusted adviser to its clients.
Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance, an exclusive global alliance of M&A advisory firms.