2016 6月 29
BDA advises Terex on sale of its German compact construction equipment business to Yanmar
Divested German CCE business to Yanmar
BDA Partners is pleased to announce that its client, Terex Corporation (“Terex”), has agreed to sell its compact construction equipment (“CCE”) business in Germany for approximately US$60m to Yanmar Holdings, a Japanese manufacturer of diesel engines, machinery, and equipment. BDA acted as the exclusive financial advisor to Terex.
Terex’s CCE business operates in three locations across the United Kingdom, Germany, and India. The German CCE business manufactures and sells midi/mini excavators, wheeled excavators, and compact wheel loaders.
Included in the transaction is the manufacturing facility located in Crailsheim, Germany and the parts distribution center located in Rothenburg, Germany. Terex continues to own and operate the UK and Indian CCE businesses.
The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the second half of 2016.
John Garrison, Terex President and CEO, said “We are pleased to enter into this agreement with Yanmar, as they represent a strong strategic buyer for this business who values our quality designs, global team members, and distribution partners.”
Euan Rellie, Co-Founder and Senior Managing Director of BDA, said “We’re proud to have advised Terex on this transaction. Terex is a well-respected, high quality global company and Yanmar is an ideal strategic buyer, as it looks to expand its European presence.”
"This transaction builds on BDA’s strong record in the industrial sector. It reinforces our preeminent position managing and closing global transactions, and attracting sophisticated Japanese and other Asian buyers for high quality Western assets."
Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Cranes, Material Handling & Port Solutions, Materials Processing, and Construction. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying, and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. www.terex.com
Yanmar Holdings was founded in Osaka in 1912, and succeeded in launching the world’s first commercially viable small diesel engine in 1933. Thereafter, expanding from its core business of industrial diesel engines, the company became a comprehensive industrial machinery manufacturer providing total solutions that integrate products, services, and knowhow to multiple markets. Yanmar maintains seven main businesses; compact and large engines, agricultural machinery and equipment, construction machinery, energy systems, marine equipment, machine tools, and components, which it develops on a global scale. www.yanmar.com
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Hong Kong, Shanghai, Beijing, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority. BDA’s HK subsidiary is licensed and regulated by the Securities & Futures Commission.
Divested Niigata fab to Mercuria, Sangyo Sosei, Fukuoka Capital
Divested Doosan Mecatec to a consortium of Bumhan Industries and Metistone
Acquired by Indorama Ventures
Divested Isuzu Glass to Basic Capital Management
Divested Toshiba Transmission & Distribution Europe to Mutares
Divested ASG Print to GPA Global and EQT
Divested Doosan E&C to a private equity consortium
Divested Walbro to Landon Capital & Nova Capital
Divested PCI Limited to Celestica Inc
NECの子会社NEC Energy Solutionsの買収
Divested India business to IMC Swarnaa Ventures Pvt Ltd
Divested majority stake in STS Group to Adler Pelzer Group
Divested 100% stake to a leading European water company
Divested 70% stake to SCG Packaging
Divested Compart Systems to Shanghai Wanye Enterprises
Established JV with Superior Essex
Divested ThiPha Cable and Dovina to Stark Corporation
Divested Nagano Industry to JAFCO
Divested Nippon Oil Pump to CITIC Capital
Divested Parador to HIL Limited