Harris Williams Advises Stokke on its Pending Acquisition of BABYZEN
December 03 2021 - 2:49PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Stokke on its
pending acquisition of BABYZEN, the leading French designer and
manufacturer of premium baby strollers and accessories sold under
the internationally-recognized YOYO brand. The transaction is being
led by Ed Arkus, Brent Spiller, Konstantin Molinari and Michael
Osborne of the Harris Williams Consumer Group.
“Stokke is recognized worldwide for its best-in-class solutions
for children, delivering consumers beautiful Scandinavian products
that nurture family bonding,” said Ed Arkus, a managing director at
Harris Williams. “The acquisition of BABYZEN and its iconic YOYO
brand further strengthens Stokke’s product range and position as
one of the world’s leading premium brands in its segment.”
“We are honored to have worked with Stokke on this transaction
and excited to have had the opportunity to extend our track record
in the infant and juvenile sector,” added Brent Spiller, a managing
director at Harris Williams. “It was a pleasure working with the
team at Stokke on this transaction, and we look forward to seeing
what Stokke accomplishes in its next chapter with the addition of
the BABYZEN and YOYO brands.”
“Combining Stokke and BABYZEN demonstrates our ambition to
strengthen our global position. Our strategy is all about
delivering a premium consumer experience, be that through our own
product or by acquiring companies that offer complementary
products,” said Jacob Kragh, CEO of Stokke.
Stokke was founded in Ålesund, Norway in 1932. Since 2006,
Stokke has focused exclusively on premium children's furniture and
equipment within the highchair, stroller, baby carrier, home
textiles and nursery market segments. Today, Stokke continues a
tradition of designing smart, sustainable products that promote
bonding and healthy development of children and their families.
Stokke's timeless designs and sophisticated engineering ensure
functionality, exceptional ergonomics, unparalleled comfort and a
seamless fit with any interior style.
BABYZEN, based in Aix-en-Provence, France, is a leading designer
and manufacturer of baby strollers and accessories sold under the
YOYO brand. The company sells lightweight baby strollers with a
focus on flexibility and compact design, enabling consumers to
carry them during travel or use them in urban areas.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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Media inquiries: Julia Moore at media@harriswilliams.com
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