30 March 2015
BDA advises Actis on sale of Teknicast
Divested Teknicast Sdn Bhd
BDA Partners (“BDA”) is pleased to announce that its client, Teknicast Holdings, a portfolio company of a global private equity firm Actis, has completed the sale of its subsidiary Teknicast Sdn Bhd (“Teknicast”) to a leading Asian investment manager. Teknicast is Malaysia’s largest non-automotive aluminum die casting company and is a leading manufacturer of complex, premium aluminum die cast components for the flow control, textile machinery, and specialized industrial automation sectors. Terms of the transaction were not disclosed.
Simon Kavanagh, Managing Director at BDA commented, “This transaction is further confirmation of BDA’s strength in assisting private equity firms to maximize value from their portfolio companies through a comprehensive global sale process.”
BDA acted as the exclusive financial advisor to Actis on the transaction.
Teknicast is a leading aluminum die cast manufacturer headquartered in Malaysia. It is an integrated service provider assisting customers throughout the value chain, from tool design to manufacturing, paint finishing, and assembly. The company focuses on manufacturing complex, tight tolerance die cast components and has longstanding relationships with a number of multinational corporations who are leading players in their respective end markets. www.teknicast.com
Actis invests exclusively in emerging markets with a growing portfolio of investments in Africa, Asia, and Latin America. Actis identifies investment opportunities in three areas: private equity, energy and real estate. Combining the expertise of over 100 investment professionals on the ground, it currently has US$7.6bn funds under management. Actis promotes world-class standards in health and safety and the areas of environmental, climate change, social engagement and business integrity, as well as sound corporate governance and transparent accounting practices. It adheres to the UN-backed Principles for Responsible Investment (UNPRI). www.act.is
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&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 is headquartered in New York with offices in London, Bahrain, Mumbai, Ho Chi Minh City, Hong Kong, Shanghai, Beijing, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2014. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
For more information regarding this transaction, please contact Simon Kavanagh in Hong Kong at +852 3529 2002.
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. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority.
Divested ThiPha Cable and Dovina to Stark Corporation
Established JV with Superior Essex
Divested Nagano Industry to JAFCO
Divested Nippon Oil Pump to CITIC Capital
Divested Parador to HIL Limited
Divested its 49% stake in Mitsubishi Motors Philippines
Divested 80% stake to JKL Partners
Divested Model Solution to Hankook Tire
Acquired roller coaster manufacturer, Vekoma Rides
Divested MFS Technology to DCP Capital
Divested shares of Taiheiyo Seiki Holding to TKY
Acquired 75% of Zhejiang Maximal Forklift Truck, China
Issued equity to China National Heavy Duty/Sinotruk
Divested China foodservice business to Huhtamaki
Divested Indian compact construction equipment business to Manitou
Divested UK compact construction equipment business to Groupe Mecalac
Divested Facade Access Holdings to Alimak Group
Divested King Koil China to Advent International
Acquired Graphic Controls, USA
Divested German CCE business to Yanmar