<article>Chinese buyout firm <a href="https://www.dealstreetasia.com/?s=CDH Investments" target="_blank" rel="noopener">CDH Investments</a>, through its<a href="https://www.dealstreetasia.com/?s=CDH Fund V, L.P." target="_blank" rel="noopener"> CDH Fund V, L.P.</a>, has picked up a significant equity interest in <a href="https://www.dealstreetasia.com/?s=SharkNinja" target="_blank" rel="noopener">SharkNinja</a>, a household cleaning and kitchen appliances maker.</article>

Chinese buyout firm <a href="https://www.dealstreetasia.com/?s=CDH Investments" target="_blank" rel="noopener">CDH Investments</a>, through its<a href="https://www.dealstreetasia.com/?s=CDH Fund V, L.P." target="_blank" rel="noopener"> CDH Fund V, L.P.</a>, has picked up a significant equity interest in <a href="https://www.dealstreetasia.com/?s=SharkNinja" target="_blank" rel="noopener">SharkNinja</a>, a household cleaning and kitchen appliances maker.
&#8220;CDH Fund V, L.P., a private equity fund managed by CDH Investments, entered into a definitive agreement in July 2017 to purchase a significant equity interest in SharkNinja..,&#8221; it said in a statement on August 17.
The partnership is designed to propel the growth of the SharkNinja brands and its portfolio of products internationally, the statement added.
Founder, chief executive officer, and executive chairman of the board, Mark Rosenzweig, and Mark Barrocas, president, will maintain their existing roles operating SharkNinja with the current leadership team. In addition, Rosenzweig and Barrocas will maintain a significant equity interest in the company, it said.
“We are committed to working closely with existing shareholders and management to maintain SharkNinja’s operations, team and management to sustain its strong momentum in existing markets and look forward to support SharkNinja’s expansion strategies to enhance its global leadership in the small home appliance sector,&#8221; Max Hui, managing director at CDH said.
The transaction will bring together the complementary strengths of the strategic partners to further reinforce SharkNinja’s global competitive edge. The company’s existing international expansion strategy will be enhanced by increased attention and resources to introduce innovative products to the homes throughout the world, with special emphasis on Asia.
Headquartered in Needham, Massachusetts in the US, SharkNinja offers vacuums, hard floor cleaners and garment care products under the Shark brand as well as motorized kitchen appliances and drip coffee products under the Ninja brand.
“SharkNinja was able to build a loyal consumer base and quickly achieve a leadership position in the US through its customer-focused innovation and this investment will enable us to bring our innovations to new markets, grow the worldwide demand of our product portfolio, compete with other global brands and continue to deliver the exceptional results that SharkNinja has consistently generated over the past decade,&#8221; Rosenzweig said.
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SharkNinja offers vacuums, hard floor cleaners and garment care products under the Shark brand as well as motorized kitchen appliances and drip coffee products under the Ninja brand.

China: CDH acquires stake in home appliances maker SharkNinja

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China: CDH acquires stake in home appliances maker SharkNinja

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