Bambino Mio Acquired by Demeter Project in a Pre-Pack Deal

Deal News | Dec 05, 2024 | Home of Direct Commerce

Bambino Mio, the reusable nappy company, has been acquired by Demeter Project, a subsidiary of Kiddy Cloud, following its entry into administration on November 29th. In a pre-packaged sale transaction, Demeter Project successfully retained 22 staff members from Bambino Mio. Pre-pack administrations are a strategy used in insolvency proceedings where the sale of a company's assets is arranged before the administrator is appointed, allowing continuity of the business operations and better terms for creditors. This approach has enabled a smooth transition for Bambino Mio, potentially providing stability and growth prospects under its new ownership.

Sectors

Retail and Consumer Goods
Corporate Finance and Advisory

Geography

United Kingdom – The transaction involves Bambino Mio, a UK-based company, and is carried out under UK administration procedures.

Industry

Retail and Consumer Goods – Bambino Mio operates in the consumer goods sector, specifically in the production and sale of reusable nappies, which are part of the home goods and baby products market.
Corporate Finance and Advisory – The article discusses a pre-pack deal, which involves corporate restructuring and financial advisory services during an insolvency proceeding.

Financials

– The financial terms of the pre-pack deal between Demeter Project and Bambino Mio have not been disclosed.

Participants

Name	Role	Type	Description
Bambino Mio	Target Company	Company	A company specializing in the manufacture and sale of reusable nappies, recently entered administration before being acquired.
Demeter Project	Bidding Company	Company	A subsidiary of Kiddy Cloud, it acquired Bambino Mio in a pre-pack deal, ensuring the continuity of the business and retaining staff.
Kiddy Cloud	Parent Company	Company	The parent company of Demeter Project, involved in this acquisition to enhance its footprint in the sustainable goods market.