BDA Partners is pleased to announce that its clients, the shareholders of Thinh Phat Cables Joint Stock Co (\u201cThipha\u201d) and Dong Viet Non-Ferrous & Plastic Joint Stock Co (\u201cDovina\u201d), have sold 100% equity in Thipha and Dovina to Stark Corporation PCL of Thailand, for an enterprise value of US$240m.<\/p>\n\n\n\n
Thipha is a leading manufacturer\nof low-to-high voltage power cables & electric wires in Vietnam. It has\nestablished strong market positions across business-to-government,\nbusiness-to-business market segments both domestically and overseas. Dovina\nmanufactures copper wire, copper rod, aluminum rod and processes PVC and XLPE\ncompound plastic products. They are among the 100 largest private companies in\nVietnam.<\/p>\n\n\n\n
Stark Corporation\u2019s subsidiary\nPhelps Dodge International (Thailand) Co Ltd (\u201cPDITL\u201d), is a leading Thai and\nSE Asian wire and cable manufacturer.<\/p>\n\n\n\n
The transaction represents the\nlargest inbound private sector industrial transaction in Vietnam in the last\nthree years (source: Mergermarket). It reflects the continued attractiveness of\nthe Vietnamese domestic market, and Vietnam\u2019s strong regional position within\nASEAN.<\/p>\n\n\n\n
BDA Partners was the exclusive\nfinancial advisor to the shareholders of Thipha and Dovina.<\/p>\n\n\n\n
Simon Kavanagh, Managing Director\n& Co-Head of Industrials, BDA Partners, commented, \u201cWe\u2019re proud to have\nadvised the founder on his sale of Thipha and Dovina. The transaction\nhighlights BDA\u2019s industrial sector expertise. It\u2019s a good demonstration of BDA\nworking closely with successful private shareholders in Asia to identify and\nsell equity to the best positioned industrial partners, even when markets are\nturbulent. We\u2019re pleased to have helped Thipha, a key regional player, to enter\nthis next phase of its growth within Stark Corporation.\u201d\n\nHuong Trinh, Managing\nDirector & Head of the Ho Chi Minh office at BDA Partners, added, \u201cBDA is\none of the very few international investment banks that is active on the ground\nin Vietnam. We\u2019ve allocated extensive resources to the country. This\ntransaction is further evidence of the value that we can bring to Vietnamese\ncompanies seeking international investment.\u201d\n\n\n\n<\/p>\n","protected":false},"featured_media":9187,"template":"","class_list":["post-9183","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n