Meridian Capital Executes Sale of See Kai Run to Fundamental Capital

17 June 2011

Meridian Capital LLC, a partner of Global M&A, is pleased to announce the successful sale of its client, See Kai Run (“the Company”), to Fundamental Capital. In connection with the transaction, Meridian Capital served as See Kai Run’s exclusive M&A advisor.

See Kai Run was established husband and wife team Gang Chen and Cause Haun, who believed that there could be better, healthy footwear options for their first son Kai. See Kai Run is a fast growing designer and distributor of infant and toddler shoes in the United States and select international markets. Revenue has grown at a compound rate of 85% from 2005 to 2009. Selling under the See Kai Run® and Smaller® brand names, the Company provides shoes that promote healthy foot development for children ranging from infant to three years old.

Fundamental Capital is a leading private equity firm based in San Francisco.

Cause Haun, Founder of See Kai Run, said: “The Meridian team did a remarkable job for us. Their people are very knowledgeable, professional and brought in several competitive letters of intent. We are very pleased to pass along our company to a firm like Fundamental Capital.”

Chuck Wilke, managing director at Meridian Capital commented on the transaction, “Meridian is very happy for the See Kai Run shareholders. We believe Fundamental Capital is uniquely positioned to add-value to See Kai Run as the Company executes on its growth strategy.”