BDA advises on the sale of Vac-Tech Engineering to Blue Planet Environmental Solutions

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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.

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.

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.

Mark Lee, Managing Director, Vac-Tech, and Chief Executive Officer, Sing Lun Group, commented: “Over 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’s environmental issues.”

Kota Igarashi, Founder, Exacta, said: “I 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.”

Lars Freitag, Partner, BDA, said: “BDA 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.” Mark Webster, Partner, Head of Singapore and Head of the Services sector, BDA, added: “This 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.”

About Vac-Tech

Vac-Tech is a Singapore-headquartered cleantech company with over two decades of experience in providing 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. www.vac-tech.com.sg

About Sing Lun Group

Sing Lun Group is a family owned, professionally managed private enterprise with a diverse range of business interests worldwide. With a proud heritage dating back more than 70 years, Sing Lun Group was founded as a textile trading company and has since ventured into other sectors including industrials, investments, and real estate. Sing Lun Group has received numerous awards for its sustained contributions to Singapore’s economic, national, and social development. www.singlun.com

About Exacta

Exacta is a Southeast Asia-focused middle market private equity fund manager and successor fund manager of Mizuho ASEAN Investment GP.  Headquartered in Singapore with local presence in Indonesia, Malaysia, Vietnam, Thailand, and the Philippines, Exacta seeks to invest in and nurture promising lower-middle market companies in Southeast Asia in part by leveraging its Japanese connections and strong local presence across Southeast Asia.

About Blue Planet

Founded in 2017 and headquartered in Singapore, Blue Planet is one of Asia’s fastest-growing waste management companies. It deploys technologies spanning the entire waste management value chain from the point of waste generation through collection, segregation, treatment, processing to the point of sale of energy and other waste-derived fuels and products. Blue Planet is committed to being a Net Positive Impact organisation that removes waste materials from the environment and upcycles them into alternative revenue streams. www.blueplanet.asia

About BDA Partners

BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services, Sustainability and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes.

BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets.

US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc, a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorized and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors. www.bdapartners.com