Context

The Carlyle Group sold 100% of Britax Childcare to Nordic Capital following approximately five years of ownership during which revenues approximately doubled and earnings more than doubled. Carlyle had acquired the business from Britax International in October 2005 and focused its value creation strategy on geographic expansion into emerging markets, product range diversification including the launch into wheeled goods and travel systems, enhancement of the company's online presence, and continuous investment in R&D and safety technology innovation.

Target

Britax Childcare is a leading global manufacturer of premium branded children's car safety seats and wheeled goods, headquartered in the United Kingdom with operations across North America, Australia, and Germany. The company designs, tests, assembles, and markets a range of premium child car safety seats, travel systems, and wheeled goods under several well-recognised consumer brands: Britax® and Römer® in Europe, Safe'n'Sound®, Steelcraft®, Babylove® and others in Australia, and Britax® in the United States. Britax Childcare distributes its products through independent specialist retailers, multiple retail chains, and vehicle OEMs, benefiting from its deep expertise in vehicle occupant safety derived from its heritage in automotive components. The company is the leading manufacturer and supplier in the premium segment of child car safety seats globally, renowned for its uncompromising safety standards, innovative technologies — including the development and promotion of ISOFIX — and premium design aesthetics. Britax Childcare benefits from strong structural tailwinds driven by increasingly stringent child car seat regulations being adopted across emerging and developed markets, as well as growing parental awareness of child safety.