29 June 2018
BDA advises Sojitz on sale of its 49% stake in Mitsubishi Motors Philippines to Mitsubishi Motors
Divested its 49% stake in Mitsubishi Motors Philippines
BDA Partners is pleased to announce that its client, Sojitz, has agreed to divest its 49% stake in Mitsubishi Motors Philippines (“MMPC”) to Mitsubishi Motors (“MMC”). The value of the transaction was not disclosed.
BDA acted as exclusive financial advisor to Sojitz on the transaction.
MMPC manufactures and markets passenger cars and commercial vehicles in the Philippines. It offers cars, SUVs and other utility vehicles, as well as trucks and buses. The company sells its products through dealers in several key Philippine cities, including Luzon, Metro Manila, Visayas, and Mindanao. The company was founded in 1963 and is based in Santa Rosa, Philippines.
MMC is a global automobile manufacturer headquartered in Japan. Before the transaction, MMC held a 51% stake in MMPC; post-transaction, MMC will own 100% of MMPC.
As a general trading company, the Sojitz Group is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The Group also invests in various sectors and conducts financing activities. The broad range of sectors in which Sojitz operates includes those related to automobiles, plants, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods, and industrial parks. www.sojitz.com
About Mitsubishi Motors
Mitsubishi Motors Corporation, together with its subsidiaries, designs, develops, manufactures, assembles, markets, imports, and sells automobiles, and related component and replacement parts in Asia, Europe, North America, and internationally. The company’s products include cars and motors vehicles; and automobile engines, transmissions, and press parts. It also offers agricultural machinery and industrial engines, as well as related replacement parts. In addition, the company is involved in the purchase and sale of used automobiles, as well as component and replacement parts, and accessories of used automobiles; sale of measuring equipment; and insurance agency and financing businesses. Further, it offers automobile engineering services. Mitsubishi Motors Corporation was founded in 1970 and is headquartered in Tokyo, Japan. www.mitsubishi-motors.com
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, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named Investment Bank of the Year 2017 by both The M&A Advisor and ACG New York. BDA formed partnerships with William Blair & Company in 2011 and Development Bank of Japan in 2017. 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.
Divested the Exhaust & Emissions Business to Nelson Global Products
Established JV with Superior Essex
Divested Nagano Industry to JAFCO
Divested Nippon Oil Pump to CITIC Capital
Divested Parador to HIL Limited
Divested 80% stake to JKL Partners
Divested Model Solution to Hankook Tire
Acquired roller coaster manufacturer, Vekoma Rides
Divested MFS Technology to DCP Capital
Divested shares of Taiheiyo Seiki Holding to TKY
Acquired 75% of Zhejiang Maximal Forklift Truck, China
Issued equity to China National Heavy Duty/Sinotruk
Divested China foodservice business to Huhtamaki
Divested Indian compact construction equipment business to Manitou
Divested UK compact construction equipment business to Groupe Mecalac
Divested Facade Access Holdings to Alimak Group
Divested King Koil China to Advent International
Acquired Graphic Controls, USA
Divested German CCE business to Yanmar
Agreed to Divest Tri-Wall Holdings to Rengo