Leading international law firm Clifford Chance has advised Goodbaby China Holdings Limited in its disposal of Oasis Dragon Limited, the baby-care products retailer, to Goodbaby International Holdings Limited, for US$360 million. Offshore law firm Mourant Ozannes acted as Cayman Islands counsel to Goodbaby China Holdings Limited.

Oasis Dragon operates an online sales channel with more than 400,000 daily users, providing customers with maternity and baby-care products, apparel and durable juvenile products. Goodbaby International is known to primarily be involved in designing and manufacturing baby strollers and children’s safety seats for cars, as well as other durable juvenile products.

Speaking of the transaction, lead partner Andrew Whan said, "Mainland China's mother, baby and child products market continues to grow and we're seeing these types of transactions become more common. It was great to have our team provide advice to Goodbaby China Holdings on a transaction that will see the acquirer expand its offering in the market."

Andrew was supported by senior associate Maureen Ho and associate Michelle Kwok. The team was further supported in a number of specialist areas including Intellectual Property/Litigation advice from senior associate Alice Tang and associate Valerie Suen. The Mourant Ozannes team was led by partner Paul Christopher with senior associate Jessica Lee and associate Lily Li.

Paul commented, "We are pleased to have worked with Clifford Chance on yet another successful transaction, which reflects the strength of our corporate team's expertise in strategic mergers and acquisitions."