16 August 2018
BDA advises Carlyle and CDIB on sale of Leyou to Warburg Pincus
a portfolio company of
has been acquired by
2018
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 (“MBC”) 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.
BDA Partners was the exclusive financial advisor to Leyou and shareholders on the transaction.
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 “Great Family”, one of the most highly-regarded domestic MBC brands.
Anthony Siu, Managing Director, BDA Partners Shanghai said: “We are delighted to have advised Leyou on this important transaction during a time of rapid change in China’s economy. The new partnership will enable Leyou to accelerate its growth within a turbulent international environment, leveraging Warburg Pincus’ worldwide network and track record in China’s 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.”
Enquiries: please contact Anthony Siu or Mark Webster on media@bdapartners.com
"With the ongoing US-China trade dispute, and increased scrutiny by Chinese regulators leading to IPO rejections, domestic companies and global investors face a more challenging landscape. BDA Partners believes that M&A offers a vital alternative exit route. We wish Larry, Michelle and Warburg Pincus all the best as they cement Leyou’s market leadership going forward."
About Leyou
Incorporated in 1999 and headquartered in Beijing, Leyou has become one of the top three MBC retailers in China with over 500 self-operated and franchise stores across more than 100 cities in China, with a fast-growing online presence. The Company sells private label, exclusively distributed brands, and other products through its multiple offline & online sales channels and nationwide footprint. www.leyou.com.cn
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than US$45bn in private equity assets under management. The firm’s active portfolio of more than 165 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, to date Warburg Pincus has raised 17 private equity funds, which have invested more than $68 billion in over 800 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. www.warburgpincus.com.
About BDA
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named Investment Bank of the Year 2017 by both The M&A Advisor and ACG New York. BDA formed partnerships with William Blair & Company in 2011 and Development Bank of Japan in 2017. www.bdapartners.com
Recent transactions
raised growth capital from
Beall Investment Partners and
2023
acquired
2023
divested majority stake to
2023
divested India business and formed partnership with
backed by
2022
series A capital raise from
Meridian Capital China
2022
a portfolio company of
has been acquired by
2022
divested majority stake to
2022
divested
to
2022
has been acquired by
2022
has sold minority stake to
2022
formed a strategic partnership with
2021
a portfolio company of
has raised growth capital
2021
has been acquired by
and
2020
series B capital raise
2020
a portfolio company of
has been acquired by
2020
formed a strategic partnership in China and investment by
2020
acquired Rich Graviss
2020
Sichuan Huiji Food divested controlling stake to Green Grass Group
an investment arm of
2020
a portfolio business of
divested assets to
2019
divested a 70% stake to
2019