Teams from the German, UK and Hong Kong offices of global law firm Eversheds have advised certain shareholders of Columbus Holding GmbH on the €70.7 million merger of German-based Cybex and Hong Kong listed Goodbaby, the largest supplier of baby strollers in China, North America and Europe.

Cybex is a manufacturer of top-end car seats, baby carriers and strollers for trend and quality-conscious parents.

China is a rapidly growing market for such products and Goodbaby has been a key strategic partner of Cybex for some time. The transaction enables Goodbaby to establish a direct distribution network in continental Europe (Cybex has branches in Austria, the UK, France, Italy and the Netherlands as well as its German headquarters) and expand its product portfolio to include premium child safety car seats.

The Eversheds team was jointly led by partners Christophe Samson in Munich and Antony Walsh in the UK, and also included Anthony Cross (UK) and Kurt Lau (Hong Kong).

Antony Walsh commented:

“This is a sensible deal, which will benefit both companies and create new distribution networks. It was a pleasure working with the selling shareholders on this deal and we wish the combined business every success.”