12 August 2014
BDA advises CoActive, Littlejohn and CITIC Capital Partners, on sale of DeltaTech Controls

Divested DeltaTech Controls to Sensata Technologies
2014
Business Development Asia LLC and its partner William Blair & Company acted as exclusive financial advisors to CoActive Technologies, a portfolio company of Littlejohn & Co. and CITIC Capital Partners, in connection with the sale of CoActive Technologies’ business unit DeltaTech Controls, to Sensata Technologies Holding N.V. (NYSE: ST) for US$190m. William Blair advised CoActive Technologies on the transaction in conjunction with its Asian affiliate, Business Development Asia LLC (BDA). The transaction closed on August 4th, 2014.
Transaction Highlights
• Global execution excellence: William Blair’s and BDA’s proven ability to deliver strong outcomes and hands-on involvement from the senior banking team were crucial in securing the mandate.
• Deep industry expertise: DeltaTech Controls was attracted to William Blair’s and BDA’s extensive knowledge and experience in the industrial technology sector, as well as the firms’ strong global relationships with key strategic and financial acquirers.
• Highly strategic transaction: The acquisition of DeltaTech Controls is highly strategic for Sensata Technologies. DeltaTech Controls is well-aligned with Sensata’s core business and uniquely expands Sensata’s ability to grow content beyond automotive through key new and existing customers in the heavy vehicle and off-road market.
About DeltaTech
DeltaTech Controls is a global leader for advanced operator controls and integrated systems in construction, agriculture, material handling, aerial work platform, motorbike, medical, material handling, and other end-market segments. It serves leading global OEMs in these end markets, providing differentiating next-generation operator controls in mission-critical applications. DeltaTech products improve machine productivity, safety, fuel efficiency, and the overall operator experience. www.deltatechcontrols.com
About Sensata
Sensata Technologies is one of the world’s leading suppliers of sensing, electrical protection, control, and power management solutions with operations and business centers in 11 countries. Sensata’s products improve safety, efficiency, and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle, and marine applications. www.sensata.com
About BDA
Business Development Asia LLC (“BDA”) is a leader in cross-border investment banking. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. It 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 Investment Banking Firm of the Year at the ACG Champion’s Awards in 2014. It 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 & 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. www.bdapartners.com
For more information regarding this transaction, please contact Charles Maynard in Beijing at +86 10-5737-9028, Euan Rellie in New York at +1 212-265-5300 or Mark Webster in Shanghai at +86 21-5407-5580.
Recent transactions
Divested Doosan Mecatec to a consortium of Bumhan Industries and Metistone
2022
Acquired by Indorama Ventures
2022
Divested Isuzu Glass to Basic Capital Management
2022
Divested Toshiba Transmission & Distribution Europe to Mutares
2022
Acquired NEC Energy Solutions from NEC Corporation
2022
Divested ASG Print to GPA Global and EQT
2021
Divested Doosan E&C to a private equity consortium
2021
Divested Walbro to Landon Capital & Nova Capital
2021
Divested PCI Limited to Celestica Inc
2021
Divested India business to IMC Swarnaa Ventures Pvt Ltd
2021
Divested majority stake in STS Group to Adler Pelzer Group
2021
Divested 100% stake to a leading European water company
2021
Divested 70% stake to SCG Packaging
2021
Divested Compart Systems to Shanghai Wanye Enterprises
2020
Established JV with Superior Essex
2020
Divested ThiPha Cable and Dovina to Stark Corporation
2020
Divested Nagano Industry to JAFCO
2019
Divested Nippon Oil Pump to CITIC Capital
2018
Divested Parador to HIL Limited
2018
Divested its 49% stake in Mitsubishi Motors Philippines
2018