BDA advises Platinum Equity on sale of Compart to Shanghai Wanye

BDA Partners is pleased to announce that it advised Platinum Equity on the sale of Compart Systems (“Compart”) to Shanghai Wanye Enterprises (SHSE:600641, “Wanye”), an investor with over US$1bn assets, for an enterprise value of US$398m.

BDA Partners was the exclusive financial advisor to Platinum Equity on the transaction.

Compart is a leading global supplier of highly engineered, high cost-of-failure, gas delivery system and flow control components and assemblies. Compart is headquartered in Singapore, with manufacturing plants in China and Malaysia. It is a vertically integrated supplier of fittings, seals, build-to-print components, surface mounts, and assemblies including weldments & mass flow controllers.

Wanye was founded in 1991 in Shanghai. It is a former real estate developer now focusing on investments in the industrial flow control sector.

Paul DiGiacomo, Senior Managing Director & Head of Financial Sponsors, BDA, said, “We’re proud to have worked for Platinum on its first exit in Asia and delighted to have helped deliver an excellent outcome for all stakeholders. This transaction highlights our expertise in running highly competitive sale processes, even in an unusual year affected by COVID-19.”

Simon Kavanagh, Managing Director & Head of Industrials, BDA, said, “We’re happy to have advised Platinum on the sale of Compart. This transaction reaffirms BDA’s strong industrials expertise and our global ability to deliver the best possible results for clients. Compart has performed very well under Platinum ownership. We congratulate Wanye and we look forward to Compart’s next stage of growth under their ownership.”