Acting as PRC counsel, King & Wood Mallesons (“KWM”) advised Shanghai Jahwa (Group) Co., Ltd. (“Jahwa Group”) on its establishment of onshore private equity funds in China and cross-border acquisition of Mayborn Group Limited (“Mayborn”), an overseas well-known infant care products company. Subsequently, KWM assisted Jahwa Group in transferring its indirectly owned shares in Mayborn and related shareholder's loan to a listed subsidiary of Jahwa Group, after which Mayborn’s assets were consolidated into the listed company. The transaction is valued at about US$290 million.

Mayborn is the owner of UK’s most renowned baby essentials brand Tommee Tippee. The introduction of the internationally renowned baby brand will form a good collaboration with the existing baby care business under Jahwa Group and its subsidiary, and will help Jahwa Group to build an international baby care platform and lay the foundation for its future expansion in overseas markets.

The transaction is a typical comprehensive equity investment project, involving a number of legal practice areas including the establishment of private equity funds, insurance funds equity investment, overseas investment, overseas loan under domestic guarantee, antitrust, and listed companies’ related transactions. KWM’s Corporate & Securities, Funds/PE and other teams collaborated and deeply involved in all aspects of the transaction including project structure design and transaction document drafting and negotiation, providing the client with a comprehensive, systematic, professional, high-quality and efficient one-stop legal service. Especially given the tightened capital control over outbound investments, KWM played a key role in promoting the project in a short period of time.

The project was led by partners Zhang Mingyuan and Song Ruiqiu, supported by associates Yao Lei and Jin Xin.