C.banner International Holdings Limited Announces $79 Million Acquisition of 45.78 Percent of Issued Share Capital of EtonKids Educational Group Limited

July 21, 2017

S&C client C.banner International Holdings Limited, a leading retailer of mid-to-premium women's footwear in China and the owner of the British toy store Hamley's, entered into a sale and purchase agreement to acquire 45.78 percent of the issued share capital of EtonKids Educational Group Limited for a consideration of approximately $79 million. EtonKids Educational Group operates kindergartens in China under the brand “EtonKids.”

The S&C team advising C. banner was led by Kay Ian Ng, along with Alan Zhang and Jerry Gao.