{"id":647,"date":"2014-03-14T20:27:31","date_gmt":"2014-03-14T20:27:31","guid":{"rendered":"https:\/\/www.bdapartners.com\/?post_type=transaction&#038;p=647"},"modified":"2023-04-17T14:53:03","modified_gmt":"2023-04-17T06:53:03","slug":"bda-advises-on-sale-of-a-majority-stake-in-tsm-to-kdb-daewoo-securities","status":"publish","type":"transaction","link":"https:\/\/www.bdapartners.com\/ja\/transaction\/bda-advises-on-sale-of-a-majority-stake-in-tsm-to-kdb-daewoo-securities\/","title":{"rendered":"BDA advises on sale of a majority stake in TSM to KDB Daewoo Securities"},"content":{"rendered":"<p><span style=\"font-size: inherit;\">Business Development Asia (\u201cBDA\u201d) is pleased to announce that its client, TSM Co Ltd (\u201cTSM\u201d), has sold a majority stake to KDB Daewoo Securities. TSM is one of the leading Korean urban mining companies, sourcing and recycling indium and gallium from industrial waste streams. KDB Daewoo Securities is Korea\u2019s leading full-service investment banking firm. Terms of the transaction were not disclosed.<\/span><\/p>\n<p><span style=\"font-size: inherit;\">BDA acted as the exclusive financial advisor to TSM. BDA managed a global sale process for the businesses, and attracted significant interest from a range of potential Western and Asian acquirors. BDA has built a strong practice in the Asian technology and electronic materials and chemicals sectors, working for corporates and financial sponsors. KDB Daewoo Securities has developed a waste management investment thesis, and liked the strong growth potential of these businesses.<\/span><\/p>\n<p><span style=\"font-size: inherit;\">Indium tin oxide (\u201cITO\u201d) is one of the most widely-used conducting oxides because of its electrical conductivity and optical transparency, as well as the ease with which it can be deposited as a thin film. Thin ITO films are typically deposited on surfaces by physical vapor deposition, by electron beam evaporation or sputter deposition techniques. ITO is used to make transparent conductive coatings for displays such as LCDs, flat panel displays, plasma displays, touch panels, and electronic inks. ITO thin films are also used in OLEDs, solar cells, antistatic coatings and EMI shieldings. TSM sources ITO waste streams from the leading Korean electronics manufacturers, then produce indium ingots from the waste, and supply the indium back to global electronics manufacturers. During the etching process, ITO is washed out and wasted. TSM recycles this waste, to produce high purity ITO which can be used again in the coating process. ITO is also used as an electrode material in LCD manufacturing.<\/span><\/p>\n<p><span style=\"font-size: inherit;\">The display industry is striving to develop more sustainable and environmentally friendly business models. Demand for rare earth materials, including indium and gallium, has grown for applications in LCDs, OLEDs and consumer electronics. TSM has collaborated with Korea\u2019s world-leading display companies, to develop state-of-art recycling technologies.<\/span><\/p>\n<p><span style=\"font-size: inherit;\">Heejun Yang, Managing Director at BDA in Seoul said, \u201cIt was a great pleasure working on this transaction. TSM is positioned for further success given their robust relationships with the world\u2019s largest LCD and OLED manufacturers, and their proven refining technologies. We expect the applications for these products and services to continue to broaden. We\u2019re pleased to have worked for such an innovative client\u201d.<\/span><\/p>\n<p><strong>About TSM<\/strong><br \/>\nEstablished in 2009, TSM has rapidly grown to become one of Korea\u2019s leading recyclers of indium and gallium, which are rare earth elements, used as key raw materials for liquid crystal displays (LCD), organic light emitting diodes (OLED), solar cells, and other applications. TSM is located near the Gumi Industrial Complex in Korea. The company provide high-purity indium and gallium products to some of the world\u2019s largest LCD\/OLED manufacturers. <a href=\"http:\/\/www.tsm21.co.kr\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.tsm21.co.kr<\/a><\/p>\n<p><strong>About KDB Daewoo Securities<\/strong><br \/>\nFounded in 1970, KDB Daewoo Securities is a leading investment banking and brokerage firm offering a wide range of financial services in South Korea and internationally. The company\u2019s services include securities trading and brokerage, underwriting, asset management, and international corporate finance, as well as investment banking and wealth management services. KDB Daewoo Securities is headquartered in Seoul, South Korea. <a href=\"http:\/\/www.kdbdw.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.kdbdw.com<\/a><\/p>\n<p><strong>About BDA<\/strong><br \/>\nBusiness Development Asia LLC (\u201cBDA\u201d) is a leader in cross-border investment banking. BDA advises on M&amp;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 was named M&amp;A Advisory Firm of the Year at The ACG Champion\u2019s Awards in 2014. BDA is headquartered in New York with offices in London, Bahrain, Mumbai, Ho Chi Minh City, Hong Kong, Shanghai, Beijing, Seoul and Tokyo. BDA formed a partnership with William Blair &amp; Company in 2011. 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. <a href=\"https:\/\/www.bdapartners.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.bdapartners.com<\/a><\/p>\n<p>For more information on this transaction, please contact Heejun Yang in Seoul at +82 2 735 4220.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-647","transaction","type-transaction","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BDA advises on sale of a majority stake in TSM to KDB Daewoo Securities - BDA Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdapartners.com\/ja\/transaction\/bda-advises-on-sale-of-a-majority-stake-in-tsm-to-kdb-daewoo-securities\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BDA advises on sale of a majority stake in TSM to KDB Daewoo Securities - 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