BDA Partners is pleased to announce that its client, Beijing Jingcheng Machinery Electric Holding Co (\u201cJingcheng\u201d) has sold its 100% stake in Nagano Industry Co Ltd (\u201cNKK\u201d) to JAFCO Co Ltd (\u201cJAFCO\u201d). The transaction was closed on 28 December 2018. The value of the transaction was not disclosed.<\/p>\n
Jingcheng is a state-owned enterprise (\u201cSOE\u201d) based in Beijing, China, which designs, manufactures and sells mechanical and electrical integration equipment. NKK is a manufacturer and provider of crawler-type aerial work platforms with refractive-booms and excavators, based in Japan. JAFCO is a leading Japanese listed investment firm based in Tokyo with a significant track record of private equity and venture capital investments.<\/p>\n
Jeffrey Wang, Managing Director, BDA Partners Shanghai, said: \u201cBDA advised on the sale of NKK to Jingcheng Group in 2011. We are delighted to see that NKK has successfully achieved significant growth since then and are proud to advise Jingcheng on the exit. BDA executed the transaction in a tight timeframe and under strict SOE requirements. We believe NKK will continue its growth by leveraging JAFCO\u2019s\u00a0network and track record in Japan. The transaction again demonstrates BDA\u2019s cross-border transaction capabilities in working seamlessly across countries.”<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-7355","transaction","type-transaction","status-publish","hentry"],"acf":[],"yoast_head":"\n