DEALS
Zhong Lun Advises Sleemon on Acquisition of Certain Equity in Jiaxing Milano & Design
Zhong Lun Advises Sleemon on Acquisition of Certain Equity in Jiaxing Milano & Design
Sleemon Furniture Co., Ltd. (stock code: 603008.SH, “Sleemon”) recently released its semiannual report for first half of 2025. The report disclosed that Sleemon completed the acquisition from Chateau D’Ax S.p.A. (“Chateau D’Ax”) of 30% equity interests in Jiaxing Milano Design Furniture Co., Ltd. (“Milano & Design”) in May 2025. Following the completion of the transaction, Sleemon holds 81% equity in Milano & Design, and Chateau D’Ax retains 19% equity interest therein. In connection with the transaction, Chateau D’Ax has entered into a series of new strategic collaboration agreements with Milano & Design.
Sleemon is listed on the Main Board of the Shanghai Stock Exchange. Actively expanding beyond its roots in traditional bedding manufacturing, Sleemon has established its presence as a “Comprehensive Sleep Scenario Management Service Provider”. By deeply integrating artificial intelligence technologies, Sleemon pioneers innovative intelligent sleep solutions designed to enhance sleep quality.
Milano & Design is a leading company in the development, design, production, and sale of mid-to-high-end upholstered furniture for living rooms and bedrooms. The transaction enables Sleemon to strengthen its strategic positioning in the sofa sector and overseas business development by leveraging synergies among Sleemon, Milano & Design, and Chateau D’Ax.
Zhong Lun represented Sleemon in the transaction. The deal team was led by partners Jerry Zhang and Zhe (Kevin) Yu, with team members including non-equity partner Xin Shen and associate Jiayue Ma. Partners Grace Wang and Steven Zhou also provided valuable support to the transaction.
