4 August 2017
BDA advises OEP Turkey Tech on sale of Netas Telekomunikasyon to ZTE
Divested its 48.08% equity stake in Netas to ZTE
BDA Partners (“BDA”) is pleased to announce that its client, OEP Turkey Tech B.V., an investment managed by One Equity Partners (“OEP”), has sold 48.08% equity stake in Netas Telekomunikasyon AS (“Netas”), to ZTE Corp (“ZTE”), a Chinese multinational telecoms and IT provider.
Netas, based in Istanbul, Turkey, offers innovative and creative solutions in information and communication technologies, including end-to-end value-added solutions, system integration, and tech services to providers and corporations in international markets.
The transaction will provide Netas with broader product and service capabilities to grow in Turkey and in international markets. Coupled with Netas’ project delivery expertise, ZTE will enhance its service efficiency to customers in Turkey and key overseas markets, increasing its income and resource utilization.
BDA acted as financial advisor to OEP on the transaction alongside co-advisors UniCredit and Yapı Kredi Bankası A.Ş.
Dr. Zhao Xianming, CEO of ZTE, said, “ZTE welcomes collaboration between Netas’ R&D center and ZTE’s R&D capabilities. ZTE’s vision, know-how and patent portfolio, along with Netas’ expertise in areas of VoIP, IT, GSM-R and cyber security, among others, will bring more exciting solutions and breakthroughs to the ICT industry.”
Andrew Dunn and Joe Huffsmith, OEP Board Members, stated, “Netas has been a tremendous success story and flagship enterprise in Turkey, growing 400% since OEP invested 6 years ago. On our watch, the Netas team has executed a transformative acquisition to dramatically expand their ICT capabilities, expanded internationally beyond Turkey, and developed a service strategy yielding attractive margin increases. We are confident that with ZTE’s investment, global reach and product depth, Netas is now extremely well positioned for future success.”
"This is a landmark cross-border transaction which sees two of the leading information and communication technology companies of their respective countries, China and Turkey, coming together. We are proud to have played a role in this and in helping deliver a successful exit for OEP."
One Equity Partners is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. Since 2001, the firm has invested in more than 140 transactions worldwide. One Equity Partners was founded in 2001, and has offices in New York and Chicago, and an advisory office in Frankfurt. www.oneequity.com
ZTE Corp (SZSE:000063) has revenues of US$15bn. ZTE is a provider of advanced telecoms systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies, and public sector customers. Its products and services are sold to over 500 operators in more than 160 countries. ZTE was founded in 1985 and is headquartered in Shenzhen, China. www.zte.com.cn
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. 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, Seoul, and Tokyo. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc, a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorised and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors.
Agreed to sell Symmetry Holdings to NTT Communications
Investcorp invested up to $250m in China Everbright New Economy Fund
Divested Apple World to ZIGExN
Divested Kingstar to Zhongping Capital
Growth capital raise
Divested VNPT ePay to UTC Investment
Divested AFE Solutions to N2N Connect
Divested Adweek to Beringer Capital
Divested Yuanyu Radio Advertising to Management / Orient Securities
Divested Singapore-based Retail Banking business
Acquried a controlling stake in Systran S.A.
Divested significant equity stake to The Riverside Company
Divested medical supply business to Halma in the UK
Divested Brilliam Film IP portfolio N&F, Korea
Formed 50/50 power transformer JV with Shanghai Electric in China
Acquired Zhenjing Tean in China
Acquired FlexTech Inc in Taiwan
Divested 100% of Detector Technology Ltd.
Target search in China advised on the acquisition of Quantum Hi-tech's CMC business in China
Sale of Microcircuit Technology Pte Ltd in Singapore and China