Ping An buys baby product firm from 3i

Tue, 03 May 2016 | BUSINESS SALE

Chinese insurance giant Ping An has bought popular baby product company Tommee Tippee from UK private equity group 3i for around £300 million.

The Mayborn Group, which was previously owned by 3i, makes Tommee Tippee baby products, the UK and Australia’s most popular brand of baby feeding bottles. A spokesman for 3i said the private equity firm will make around £135 million from the deal — representing three and half times its investment.

Mayborn has increasingly focused on the export market over the last 10 years, with China set to be a major interest under its new owners. The British business currently makes around 60 per cent of its £130 million revenue from overseas markets.

Alan Giddins, a partner at 3i, said of the deal: “Since the take-private of Mayborn, the transformation of the company from being largely UK focused into a market leading global business has been significant.”

The baby product company recently unveiled its Perfect Prep device, which enables parents to sterilise and warm milk with a single push of a button. This product has been earmarked by Fosun for success in the Chinese market, which is increasingly tech savvy.

The deal is the most recent British firm to be acquired by a Chinese company. Just last year, Chinese firm Fosun bought out fellow UK baby brand Silver Cross, which makes prams.

For more information, see the Business Sale Report’s wide range of resources on buying a business.


Share this article



Latest Businesses for Sale

Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000

LEASEHOLD


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Apr
 

Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
05
 
Jan
 

Tommee Tippee owner buys company behind Grobag | BUSINESS SALE

Tommee Tippee owner, Mayborn Group has purchased baby sleep ...

 
17
 
Dec
 

Ferry operator up for sale | BUSINESS SALE

Ferry operator Scandlines has been put on the market by 3i, ...

 
10
 
Jan
 

Upmarket fashion retailer Hobbs set for sale | BUSINESS SALE

A fashion retailer which counts the Royal Family among its c...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources