Deal Details

Sale to Shanghai Jahwa (Group) Co., Ltd

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Summary

About

Mayborn Group (“Mayborn” or the “Company”), a portfolio company of 3i Group Plc (“3i”) (LSE:III), was recently acquired by Shanghai Jahwa (Group) Co., Ltd ("Jahwa Group"), the parent company of leading Chinese consumer products organisation, Jahwa United Co. Ltd. Jahwa Group is wholly owned by the Ping An Insurance Group (“Ping An”). Terms of the transaction were not disclosed.

Mayborn is the owner of award-winning global baby brand Tommee Tippee – Number one in the UK and Australia and one of the top 5 worldwide. Mayborn has offices worldwide, including Boston, Hong Kong, Paris and Melbourne. The company has factories in Morocco, China and Mansfield, England and employs over 1,200 people globally. Under 3i’s ownership, Mayborn has experienced rapid growth through international expansion, including the highly successful launch of Tommee Tippee in the US in 2010, growing local sales to almost $40m in 2015. Other key strategic developments include setting up a direct company owned operation in Australia in 2012, as well as the acquisition of Tommee Tippee’s French distributor in 2013. Mayborn is headquartered in Cramlington, the United Kingdom.

3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. It has approximately £13.5 billion of funds under management, of which around £3.8 billion is invested through its private equity business. 3i is a FTSE 100 company and is headquartered in London, the United Kingdom.

Shanghai Jahwa (Group) Co., Ltd is the parent company of leading Chinese consumer products organisation Jahwa United Co. Ltd. Jahwa Group is wholly owned by Ping An Insurance Group – one of the world’s largest insurance and investment companies. Jahwa Group is headquartered in Shanghai, China.

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