BDA Partners is pleased to announce that Carlyle, CDIB and the other investors in Leyou Inc. have sold their aggregate majority stake to funds managed by Warburg Pincus. Leyou is a leading branded mother-and-baby care (\u201cMBC\u201d) retailer in China, headquartered in Beijing. Larry Kung and Michelle Hu, the co-founders of Leyou, are retaining their ownership interests and leadership roles in the Company. Financial terms were not disclosed.<\/p>\n
BDA Partners was the exclusive financial advisor to Leyou and shareholders on the transaction.<\/p>\n
Leyou’s footprint comprises over 500 self-operated and franchise stores in 100 cities across China, complemented by a rapidly-growing online business. In recent years, Leyou has successfully transformed from a traditional, multi-brand specialty retailer to a modern, branded O2O retail concept featuring \u201cGreat Family\u201d, one of the most highly-regarded domestic MBC brands.<\/p>\n
Anthony Siu, Managing Director, BDA Partners Shanghai said: \u201cWe are delighted to have advised Leyou on this important transaction during a time of rapid change in China\u2019s economy. The new partnership will enable Leyou to accelerate its growth within a turbulent international environment, leveraging Warburg Pincus\u2019 worldwide network and track record in China\u2019s consumer\/services sectors. China remains one of the fastest-growing markets in the global mother & baby sector. We are pleased to have assisted Leyou, as a key industry player, to enter this next phase of its growth.\u201d<\/p>\n