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BDA Brochure The global investment banking advisor for Asia August 2020 Experts in Asian M&A Leading independent Asian investment banking firm 2020 marks 24 years of providing high-quality M&A advice Where we are Key facts We deliver global coverage for our clients from BDA’s own platform #1 Cross-border Asian sellside M&A advisor London 1996 Founded and led since then by the same team New York Seoul Shanghai Tokyo Bankers across three continents Hong Kong 100 Mumbai Ho Chi Minh City Offices globally Singapore 9 2 Strategic partners Our services How we are organized We provide M&A advisory services for: Divestitures Acquisitions Capital raisings Chemicals Consumer Healthcare & Retail Debt advisory & restructuring transactions Valuations Industrials Services Technology 1 On the ground, with local relationships BDA Partners is #1 for Asian cross-border private sellside M&A No other firm has built the same scale, focus, connectivity and deal flow in Asia Private, cross-border Asian sellside transactions up to US$1bn enterprise value, 2015-2019(1) Highlights Rank Advisor # of Deals 85% of M&A transactions were cross-border 1 31 85% of M&A transactions with BDA as sellside advisor 100% of transactions involved either the sale/acquisition of an Asian 2 29 asset, an Asian buyer or an Asian seller 3 29 4 28 Long-established Asian presence 5 26 Coverage across Asia 6 25 60+ bankers in Asia 7 countries Seoul 2002 Tokyo 7 24 23 years of relationship- Shanghai 2002 1998 building Hong Kong 8 19 2000 Mumbai 2005 Ho Chi Minh City 8 19 2014 Singapore We reach Asian buyers 1996 10 17 120+ assets sold to Asian buyers 20,000+ calls made to Asian buyers 600+ transactions with Asian participation Note: (1) Target headquartered in China, India, Japan, Korea or Southeast Asia; Control transactions: i.e. a majority stake sold or acquired | Sources: Dealogic 2 Worldwide reach in the middle market A recognized global M&A platform Cross-border excellence Experts in cross-border M&A Regularly honored as a top investment banking advisor 2019 Acquired by Agreed to divest a 70% stake to Divested majority stake to Cross-border Investment Bank of the Year Corporate Deal of the Year Investment Banking Firm of the Year 2018 2019 2019 2019 Divestiture Deal of the Year (>US$100m) Telecommunications Services Deal of the Year Cross-Border Deal of the Year (US$10m-US$25m) Acquired by Divested Nagano Industry to Divested Chrysal International to Cross-Border Boutique M&A Investment Banker Firm Award 2017 Investment Bank of the Year 2019 2019 2019 Investment Bank of the Year Transaction of the Year (£100m-£500m) Consumer Discretionary Deal of the Year for the sale of AnaJet to Divested Alliance Cosmetics Divested Nippon Oil Pump to Divested Parador to Ricoh Group to Mandom Corporation 2016 Dealmaker of the Year 2018 2018 2018 Cross-border Deal of the Year for the sale of Doosan E&C to GE Power 3 One team,globally A global senior team, interacting seamlessly with our clients and each other As an M&A-focused boutique, senior bankers globally work as one team Regional senior bankers speaking with local buyers and targets North America Europe China Southeast Asia Euan Rellie Charlie Maynard Jeffrey Wang Anthony Siu Lei Gong Andrew Huntley Paul DiGiacomo Senior Managing Director Senior Managing Director Managing Director Managing Director Managing Director Senior Managing Director Senior Managing Director (Asia/Europe) Mark Webster Karen Cheung Alex Ditchfield Vivian Ren Jonathan Aiken Jason Song Dorothy Cai Managing Director Managing Director Director Managing Director Managing Director Director Director India Korea Japan Lars Freitag Simon Kavanagh Managing Director Managing Director Kumar Mahtani Howard Lee Jeff Acton Hideyuki Tozawa Koichiro Yasuda Managing Director Managing Director Managing Director Managing Director Chairman Huong Trinh Rica Wirianata Managing Director Director Manoj Balwani Ryan Jung Shinsuke Hashimoto Shinya Kimura Toshiaki Yokohara Director Director Director Director Director Anindita Das Director 4 Extensive sector expertise We are committed to six sectors Deep industry knowledge Chemicals Consumer & Retail Health Industrials Services Technology Coatings Apparel & Biotech Aftermarket Facility Digital media management Electronic accessories Medical tech Auto components Information Professional Materials Cosmetics Pharma Building materials Software services Petrochemicals Food & beverage Services Electronics Systems Recycling & waste Plastics Food chains Flow control integrators & management (1) Specialty & fine Food services BPO Machinery chemicals Testing, inspection Jewelry Packaging & certification Luxury goods Printing Transportation & logistics Note: (1) Business Process Outsourcing 5 Our experience is a competitive advantage Expertise on the sellside We are among the most active sellside advisors in Asia. We draw on that experience to drive sellside processes that maximize value and certainty Processes that clear the market globally Positioning for value maximization Thoughtfully designed and well-run processes Global buyer outreach Positioning businesses for sale and spike valuation Tailored, creative and thoughtfully constructed Senior bankers drive buyer identification outreach processes Positioning led by senior sector bankers from Our reach clears the market globally for our clients process initiation, supported by our proprietary Best-in-class transaction execution insight into private market M&A valuations in Asia and worldwide Customized to industry and asset BDA exits High-multiple outcomes 55% of transactions in excess of 8.0x Divested majority Divested Nagano Divested Alliance Divested Nippon Oil Divested plant health Divested shares of >10x stake to Industry to Cosmetics Group to Pump to business in Japan to Taiheiyo Seiki Holding <6x to EBITDA EBITDA 38% Longreach JAFCO Mandom Corporation CITIC Capital Nisso TKY Corporation 18% 2019 2018 2018 2018 2018 2017 Divest Kingstar to Divested The Ritedose Divested its 48% Divested China Divested Divested Harrys of Company to equity stake in Netas to foodservice business VNPT ePay to London to 6x-8x to EBITDA 8x-10x Zhongping Capital AGIC and Humanwell ZTE Huhtamaki UTC Investment Charles Cohen 27% EBITDA 2017 2017 2017 2017 2017 2017 17% 6 Intelligent acquisition support Dedication to buyside M&A We assist our clients to identify and conclude cross-border transactions efficiently and on optimal terms Target qualification Acquisition execution Persistent and persuasive in our pursuit of potential sellers for our clients Highly experienced in assessing, structuring and negotiating transactions Identifying targets based Engaging with targets Positioning our client Thorough due diligence Valuation and pro-forma Price and SPA on clients’ criteria and building deal interest and process management synergy analysis negotiation BDA buyside engagements Acquired roller coaster Agreed to acquire 75% of Acquired Chinese food manufacturer, Vekoma Rides Acquired Acquired Acquired ingredients company Tianning Flavours 2018 2017 2017 2016 2015 2015 7 Credibility with financial sponsors A valuable resource for financial sponsors Dedicated coverage team generating proprietary deal flow and exits Financial sponsor portfolio company exits The majority of BDA deals have financial sponsor involvement Divest Alliance Divested Nippon Oil Divested MFS Divested Gourmet Divest Apple World to Divested shares of Cosmetics Group to Pump to Technology to Noodle House to Taiheiyo Seiki Holding to Mandom Corporation CITIC Capital DCP Capital GreenTree Inn ZIGExN TKY Corporation 2018 2018 2018 2018 2018 2017 Divested The Ritedose Divested its 48% Divested Harrys of Divested Theodore Divested Facade Divested King Koil Company to equity stake in Netas to London to Alexander to Access Holdings to China to 60% AGIC and Humanwell ZTE Charles Cohen Creative Home Alimak Group Advent International Furniture 2017 2017 2017 2017 2016 2016 High-volume, high-quality deal flow Deals since 2016 with financial sponsors as client and/or buyer/investor Agreed to divest a 70% Divested majority Divested Nagano Raised growth capital Raised growth capital Majority recapitalized stake to stake to Industried to from by Standard Chartered The Longreach Group JAFCO Crescent Point Galen Partners 2019 2019 2018 2018 2017 2017 Merged with Sold controlling stake Divested Adweek to Divested Kolon Water Acquired Divested Kosan to & Energy to Crisplant to Fitness First Asia Palamon Beringer Capital Standard Chartered Flexitech Holding Al-Ayuni Investment Private Equity 2017 2017 2016 2016 2015 2015 8 Repeat mandates with blue-chip clients Trusted by industry leaders, again and again We have earned the trust of blue-chip corporate and financial clients, and been rewarded with long-term, repeat-client engagements Strong relationships with blue-chip clients Corporate clients Private equity clients Multiple transactions with key sponsors 9 deals with Navis(1) 7 deals with CITIC Capital(1) 6 deals with Affirma Capital(1) 4 deals with Actis Divested Alliance Divested MFS Merged with Divested Nippon Oil Divested King Koil Agreed to divest a 70% Raised growth capital Divested Anthelio Divested Integreon to Cosmetics Group to Technology to Pump to China to stake to from Healthcare to 2018 2018 2017 2018 2016 2019 2016 2016 2016 Divested Theodore Divested Hui Lau Shan Divested Oriental Divested Tri-Wall Divested DeltaTech Divested Kolon Water Raised capital from Divested Halonix to Divested Teknicast to Alexander to
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