Asia-focused investment bank BDA Partners and Development Bank of Japan have formed a partnership. According to terms of the deal, DBJ has acquired a 5 percent stake in BDA for an undisclosed sum. The partnership will focus on M&A advisory and fundraising deals connecting Japan with the rest of Asia, Europe and the U.S.
BDA Partners, a leader in cross-border investment banking focused on Asia, has formed a strategic partnership with Development Bank of Japan (DBJ). As part of the agreement, DBJ has made a growth capital investment into BDA, resulting in DBJ owning 5% of BDA’s enlarged equity.
The two firms will jointly pursue M&A advisory and capital raising mandates connecting Japan with the rest of Asia, Europe and the US. Through this partnership, BDA will enhance its ability to serve clients in selling companies to Japanese buyers. DBJ’s clients will also gain access to top quality acquisition targets worldwide, with advisory support from BDA.
DBJ is 100% owned by the Japanese Government, and has total assets of US$148bn. It provides financing, consulting, and advisory services in Japan and internationally, including M&A advisory and public and private, equity and debt, investments. DBJ released its fourth medium-term management plan in May 2017, in which M&A advisory services are highlighted as a key strategic focus.
This new relationship builds on BDA’s successful, six-year worldwide strategic alliance with William Blair, a premier global investment banking and asset management firm.
No existing BDA shareholders are selling any equity in the transaction. BDA will have access to future equity from DBJ, at BDA’s discretion. Additional terms have not been disclosed.
BDA has been active in Japan for over 15 years, working on transactions involving clients and counterparties such as Asahi Glass, Inabata, Nissha Printing, Panasonic, Ricoh, Sumitomo Corporation, Totoku Electric, Toshiba Machine, and Yanmar.
BDA has been managed for over twenty years by Euan Rellie, Charles Maynard and Andrew Huntley, who are Senior Managing Directors and the three largest shareholders in the firm. Several BDA partners were instrumental in forming this new partnership, and will work closely with DBJ, notably Paul DiGiacomo (Hong Kong, Ho Chi Minh City, Singapore) and Jeff Acton (Tokyo). BDA’s CFO, Bill Pullano, was also closely involved in developing the partnership.
Masanori Yanagi, President & CEO of DBJ, said: “Using DBJ’s knowledge and network and BDA’s expertise and overseas network, DBJ will more efficiently and effectively offer our customers integrated lending, investment and financial advisory services beyond Japan”.
Euan Rellie, Co-Founder of BDA, said “We consider Japanese companies to be vitally important to cross-border M&A going forward. DBJ offers us exceptional client access, relationships, and funding for the most promising Japanese companies in SE Asia and around the world. We’re excited to work together to offer unparalleled cross-border deal flow across Japan, the rest of Asia, Europe, and the US”.
Development Bank of Japan is 100% owned by the Japanese Government, and has total assets of US$148bn. It offers medium-to long-term loans, syndicated loans, asset-backed loans, debtor-in-possession financing, project/structured financing, and real estate financing services. The company also provides investment services, such as equity, leveraged and management buyouts, and mezzanine financing. The company operates through a network of 10 branch offices and 8 representative offices, as well as an overseas representative office. Development Bank of Japan Inc. was founded in 1951 and is headquartered in Tokyo. www.dbj.jp
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