BDA Partners is pleased to announce that its client Grand Victor Corp Pte Ltd has sold Vac-Tech Engineering Pte Ltd to Blue Planet Environmental Solutions Pte Ltd, a leading regional waste management player in Asia, focused on driving the vital transition to a circular economy through sustainable technologies.<\/p>\n\n\n\n
Headquartered in Singapore, Vac-Tech is a pioneering cleantech company utilizing its unique expertise to provide hazardous waste logistics, specialized industrial services, and environmental services. Deploying one of the largest vacuum truck fleets in the country, it offers a comprehensive suite of solutions across the hazardous waste life cycle, from on-site services through collection and transport to responsible treatment & disposal.<\/p>\n\n\n\n
BDA Partners acted as the exclusive financial advisor to Grand Victor and Vac-Tech on the transaction. Grand Victor is owned by entities controlled by Sing Lun Holdings Pte Ltd and Exacta Capital Partners. This builds on our strong track record in the broader sustainability space and reflects our continuing commitment to support sustainability-focused businesses in their vital mission for the economy, the environment, and society as a whole.<\/p>\n\n\n\n
Mark Lee, Managing Director, Vac-Tech, and Chief Executive Officer, Sing Lun Group, commented: \u201cOver the last 3 years, Vac-Tech has invested heavily in robotics and technology, enhancing our capabilities to provide specialized waste management services to our international clients with a perfect safety track record. I am proud of everything Vac-Tech has built over the last two decades and am confident Blue Planet is the perfect partner for our next phase of growth. Through this consolidation, we will be a global company, increasing our product offerings and forming a one-stop waste management solution company for governments and multinationals. Sing Lun remains committed to being a useful world citizen, and we look forward to our new partnership with Blue Planet in solving the planet\u2019s environmental issues.\u201d<\/p>\n\n\n\n
Kota Igarashi, Founder, Exacta, said: \u201cI would like to thank Mark and the Vac-Tech team for their outstanding efforts in transforming the company into a leading environmental solutions provider. This transaction with Blue Planet is a major milestone and we are honored to be a part of their expanded platform. We are looking forward to even more growth as we partner up with the Blue Planet team, tapping into their scale, resources, and expertise for even greater success.\u201d<\/p>\n\n\n\n
Lars Freitag, Partner, BDA, said: \u201cBDA is pleased to have advised on another transaction in environmental services and waste management, both key focus areas for our Sustainability (Infrastructure & Services) practice. Vac-Tech and Blue Planet are leaders in delivering solutions for a cleaner and truly circular economy through technology, innovation, and best-in-class operations. We feel privileged to have worked with them and are delighted to have achieved a successful outcome for all parties.\u201d Mark Webster, Partner, Head of Singapore and Head of the Services sector, BDA, added: \u201cThis is the eighth sustainability-related deal that BDA has closed since 2022. Sustainability continues to gather momentum as an investment theme, especially in Asia, and we are looking forward to delivering more success in this space for our clients in the future.\u201d<\/p>\n","protected":false},"featured_media":13716,"template":"","class_list":["post-13682","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n