21 March 2007
BDA advises Ecolab Inc on Hong Kong and China acquisition
Acquired Green Harbour business in Hong Kong and China
Business Development Asia (“BDA”) is pleased to announce that Ecolab Inc (“Ecolab”) has acquired Green Harbour, a China- and Hong Kong-based provider of pest elimination services. The acquisition is part of Ecolab’s strategy to expand its global pest elimination coverage. The transaction closed on March 16, 2007. BDA was the exclusive financial advisor to Ecolab. Terms of the transaction were not disclosed.
“Pest elimination is a fundamental sanitation need for our customers around the world. By combining expertly trained service associates with the latest technology, Ecolab Pest Elimination has been able to help our customers solve their pest problems and at the same time deliver good growth for our company,” said Douglas M. Baker, Jr., Ecolab’s Chairman, President and Chief Executive Officer. “This acquisition increases our pest elimination service presence in the rapidly growing China market and strengthens our position in Hong Kong. We expect to make further acquisitions in both Asia and around the world as we extend our premium services to meet our global customers’ needs.”
With 2006 sales of $5 billion and more than 13,000 sales-and-service associates, Ecolab Inc (NYSE:ECL) is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice, food and beverage processing, healthcare, and hospitality markets in more than 160 countries. More news and information is available at www.ecolab.com.
BDA transaction team
Euan Rellie, Managing Director
Paul DiGiacomo, Director
Shan Yue, Senior Associate
BDA (www.bdapartners.com) is a corporate finance advisory firm. BDA assists multinational clients, both Western and Asian, to identify, assess and execute cross-border transactions involving Asia, including acquisitions, divestments, JVs, restructuring, and capital raising. BDA has particular focus on the automotive, chemicals, healthcare and pharmaceuticals, and technology sectors. We have offices and professional staff in New York, London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul and Tokyo.
For more information regarding this transaction, please contact Paul DiGiacomo in Hong Kong on +852 2537 9565. For more information about BDA, please contact one of our offices.
Acquired NEC Energy Solutions from NEC Corporation
Divested stake in Al Dur Power & Water to Kyushu Electric
Divested 100% to EagleTree Capital
Divested 100% to by Escalent
Divested Hyosung Capital to ST Leaders Private Equity
Acquired EMC Holdings from Affirma Capital
Acquired by The Blackstone Group
Divested equity stake in Xinbang Logistics to HCT Logistics
Divested Kolon Water & Energy to SCPE
Divested Yuanyu Radio Advertising to Management / Orient Securities
Acquired Barclay Vouchers in Japan
Acquired majority stake of Realys Group in China
Acquired Lablndia distribution business in India
Divested HCL Asia to the DKSH Group
Divested Phillipines-based subsidiary, Fedders Koppel Inc to KPL Aircon, Inc
Divested Cengage's 50% stake and placement of shares Manipal Universal Learning
Acquired Ascent Logistics in Singapore