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New Deal


Announced

Completed

24Tidy completed the acquisition of Tiantian Laundry for $135m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Consumer Services: Other

Completed

laundry services

Single Bidder

Private

Majority

China

Acquisition

Synopsis

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24Tidy, an online life services company, completed the acquisition of Tiantian Laundry, a laundry services provider, for $135m. "24Tidy and Tiantian Laundry had reached the agreement before the epidemic. The outbreak of COVID-19 accelerated our pace to restructure the whole industry while the increasing domestic demands also accelerated the strategic upgrading of 24Tidy," Yao Zongchang, 24Tidy Founder.

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