2 November 2018
BDA advises Wendel on the sale of Nippon Oil Pump to CITIC Capital
Divested Nippon Oil Pump to CITIC Capital
BDA Partners is pleased to announce that its client, Wendel, has agreed to sell all the shares of Nippon Oil Pump Co., Ltd. (“NOP”) to CITIC Capital Japan Partners III, L.P., which is a Japan-focused investment fund of CITIC Capital Partners Limited, the private equity arm of CITIC Capital Holdings Limited.
NOP is the Japanese market leader for the design, development and manufacture of trochoid pumps, filter pumps and hydraulic motors. NOP trochoid pumps are primarily used to circulate oil in machine tools for lubrication and cooling applications, where NOP enjoys a leading position worldwide.
BDA Partners was the exclusive financial advisor to Wendel and shareholders on the transaction.
"We are delighted to have advised Wendel on this important transaction, during a time of growth in the Japanese PE market. Through BDA’s global network we were able to execute a comprehensive process to identify the ideal new owners for NOP."
Wendel is one of Europe’s leading listed investment firms. The Group invests in Europe, North America and Africa in companies which are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as a controlling or lead shareholder in these companies. Wendel implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of PlaYce and Tsebo in Africa.
Wendel is listed on Eurolist by Euronext Paris. Standard & Poor’s ratings: Long-term: BBB-, stable outlook – Short-term: A-3 since July 7, 2014. Moody’s ratings: Long-term: Baa2, stable outlook – Short-term: P-2 since September 5, 2018. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of “Grand Mécène de la Culture” in 2012.
For more information: www.wendelgroup.com
Founded in 1919, Nippon Oil Pump leads the Japanese market for the design, development and manufacture of trochoid pumps, filter pumps, and hydraulic motors and has worldwide leadership positions in the trochoid pump segment. Trochoid pumps are used primarily to circulate oil in machine tools, for the purposes of lubrication and cooling. The group has strong competitive advantages, including unique R&D and product innovation know-how, a strong brand and customer confidence, a flexible industrial model, and significant barriers to entry due to high penetration rate in the installed fleet of machine tools in Japan. www.nopgroup.com
About CITIC Capital
Founded in 2002, CITIC Capital Holdings Limited (“CITIC Capital”) is a global alternative investment management and advisory company. The firm manages over USD 25 billion of capital from a diverse group of international institutional investors. Core businesses include Private Equity, Real Estate, Structured Investment and Finance, and Asset Management. CITIC Capital currently employs over 280 staff members throughout its offices in Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo and New York. www.citiccapital.com.
BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with over 20 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Tokyo, Seoul, Shanghai, Hong Kong, Ho Chi Minh City, Singapore and Mumbai. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes.
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.
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. www.bdapartners.com
Agreed to divest 70% stake to SCG Packaging
Divested Compart Systems to Shanghai Wanye Enterprises
Established JV with Superior Essex
Divested ThiPha Cable and Dovina to Stark Corporation
Divested Nagano Industry to JAFCO
Divested Parador to HIL Limited
Divested its 49% stake in Mitsubishi Motors Philippines
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