21 May 2018

BDA advises Donghae Machinery & Aviation on sale to JKL Partners

Divested 80% stake to JKL Partners

2018

BDA Partners is pleased to announce that its client, Chang Hak Yang, CEO and founder of Donghae Machinery and Aviation (“Donghae”), has agreed to divest 80% stake in Donghae to JKL Partners (“JKL”). The value of the transaction is not disclosed.

BDA, together with KPMG, acted as a joint financial advisor to Donghae on the transaction.

Donghae manufactures special purpose vehicles for commercial use in Korea. It offers aerial lift truck, bucket truck, crane truck, as well as a variety of aviation products. Its end customers are in diverse industries including telecoms, utilities and government. The company exports to China and Southeast Asian countries such as the Philippines. The Company was founded in 1981 and is based in Gongju, Korea.