BDA Partners (“BDA”) is pleased to announce that its client, International Paper Co (“International Paper”), has completed the sale of its 62% stake in Beijing Gold Hawk Package and Production Co Ltd (“Gold Hawk”), to Shihezi Ronghui Equity Investment Co & Partners (“Ronghui”), a Chinese industrial buyout fund affiliated with Xiamen Hexing Packaging Printing Co Ltd (“Hexing”), a Shenzhen-listed paper packaging company. Terms of the deal were not disclosed.
Based in Beijing, China, Gold Hawk is one of the leading suppliers of printed paper packaging (“PPP”) solutions, such as color boxes, master cartons, paper flutes, pulp trays and pre-print cartons, to multinational companies in China.
BDA acted as the exclusive financial advisor to International Paper on the transaction.
Jeffrey Wang, Head of BDA’s Shanghai Office said, “Under International Paper’s guidance, Gold Hawk has become a well-respected, high-quality business. We are delighted to have found it a strong future owner in Ronghui. This transaction builds on our growing Paper & Packaging practice while demonstrating our commitment to, and expertise in, executing mid-market M&A transactions in China. BDA has a long record of advising blue chip multinational clients.”
About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include industrial and consumer packaging and uncoated papers. Headquartered in Memphis, Tennessee, the company employs approximately 65,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were US$29 billion. www.internationalpaper.com
Ronghui is an industrial buyout fund established in June 2014 by Hexing, the Shenzhen-listed producer of corrugated and paperboard cases/boxes for the electronic products, white goods, and food and beverage markets; and China Innovative Capital Management, a private equity investment management company. The purpose of the fund is to make investments and acquisitions in the packaging industry and its upstream and downstream sectors.
BDA Partners (“BDA”) 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, please contact Jeffrey Wang or Jason Song in Shanghai at +86 21 5407 5580.
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.