BDA advises CITIC Capital Partners on sale of Tri-Wall to Rengo

BDA Partners is pleased to announce that its client, CITIC Capital Partners Limited (“CITIC Capital”), has agreed to sell its 67.1% stake in Tri-Wall Holdings Limited (“Tri-Wall”) to Rengo Co Ltd (“Rengo”). BDA acted as the financial advisor, alongside SMBC Nikko Securities Inc, to CITIC Capital. The transaction is subject to approval by regulators.

Founded in 1974 and headquartered in Hong Kong, Tri-Wall is a leading provider of heavy-duty corrugated package solutions in China, Japan, SE Asia and Europe. It manufactures and markets proprietary triple-wall and double-wall corrugated packaging solutions to leading international blue-chip companies. Tri-Wall owns the globally recognized Tri-Wall brand and extensive fabricator networks in Asia and Europe. The acquisition of Tri-Wall will expand Rengo’s presence in Asian and European markets and enhance its capability to deliver intelligent packaging solutions to global blue chip companies.

Jeff Acton, Managing Director of BDA in Tokyo, said “We’re delighted to have helped CITIC Capital execute this landmark transaction. This transaction leveraged BDA’s strong presence across Asia and our experience in managing global M&A processes, and builds further on our strong packaging practice.”