21 December 2016

BDA advises Navis Capital Partners on the sale of Theodore Alexander to Creative Home Furniture

a portfolio company of

has been acquired by Creative Home Furniture

2016

BDA Partners is pleased to announce that its client, Navis Capital Partners (“Navis”), along with other minority shareholders, have completed the sale of 100% stake in Theodore Alexander Inc. (“TA” or “the Company”) to Creative Home Furniture Co., Ltd. (“CHF”). The terms of the transaction were not disclosed. BDA acted as exclusive financial advisor to Navis.

Established in 1996 in Vietnam, TA is the largest premium furniture manufacturer and exporter in Asia. It designs, manufactures and markets high-end quality case goods and upholstery globally under its own Theodore Alexander brand and licensed brands, including Althorp, Keno Brothers, Jamie Drake and Michael Berman Califolio. It also acts as a high-end private label manufacturer for leading single-brand retailers, distributors and wholesalers.

Paul DiGiacomo, Managing Director at BDA, commented: “We are delighted to have advised Navis on its successful exit. We believe both TA and CHF will benefit greatly from this transaction. This transaction showcases BDA’s expertise in the consumer sector in Southeast Asia and demonstrates the depth of our ability to run global sell-side transactions for private equity clients.”

Deal team

About Theodore Alexander

Theodore Alexander is a manufacturer and exporter of premium, hand-crafted furniture based in Vietnam. TA’s products include case goods, upholstered furniture, lighting products and accessories, and are marketed under its own Theodore Alexander brand, as well as licensed brands, including Althorp, Keno Brothers, Jamie Drake and Michael Berman Califolio. It also acts as a high-end private label manufacturer for leading single-brand retailers, distributors and wholesalers. TA has manufacturing facilities in both Vietnam and the US with sales channels across North America, Asia and rest of world.

About Navis Capital Partners

Navis Capital Partners is a Malaysia-based private equity firm established in 1998, specializing in direct equity investments in growth, buyouts, recapitalizations, and financial restructurings. The firm also targets established middle market companies and manages private equity funds. It primarily invests in consumer and industrial goods and retail services. The firm typically acquires a majority stake in its portfolio companies and makes control investments, with a focus on Asia Pacific, South, and Southeast Asia.

About Creative Home Furniture

CHF is an Asian-funded importer and wholesaler of high-end home furnishings in China. The CHF brand portfolio includes American brands Elizabeth Oxford Creations, Keno Bros and Jamie Drake. European Bazzi, CIAC, Armando Rho, Baldi and CG Capelletti etc.

About BDA

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 was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com

BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority. BDA’s Hong Kong subsidiary is licensed and regulated by the Securities & Futures Commission.

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