20 September 2016
BDA advises Mount Kellett Capital on sale of equity stake in Xinbang Logistics, China
Divested equity stake in Xinbang Logistics to HCT Logistics
BDA Partners is pleased to announce that its client, Mount Kellett Capital, has successfully completed the sale of its stake in Xinbang Logistics to a Taiwanese consortium led by HCT Logistics, a leading logistics service provider based in Taiwan.
Xinbang Logistics, founded in 2003, is a leading domestic less-than-truckload logistics provider in China with a wide network of over 550 branches and annual revenue of over RMB1bn (US$150m). A follow-on equity investment by the HCT Logistics consortium and a syndicated financing arrangement will further enable Xinbang Logistics to accelerate its growth plan and expand its nationwide cargo network.
Jeffrey Wang, Head of BDA’s Shanghai office, said, “We are proud to have worked successfully for Mount Kellett Capital and we are pleased to see Xinbang Logistics continue to thrive. This transaction demonstrates BDA’s expertise in logistics and deep relationships with both global strategic and financial investors, delivering a strong result for our client.”
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, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Beijing, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
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. BDA’s HK subsidiary is licensed and regulated by the Securities & Futures Commission.
Divested 100% stake to EagleTree Capital
Divested 100% stake to Escalent
Divested Hyosung Capital to ST Leaders Private Equity
Acquired EMC Holdings from Affirma Capital
Acquired by The Blackstone Group
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 Green Harbour business in Hong Kong and China
Acquired Ascent Logistics in Singapore