6 May 2016

BDA advises ST Kinetics on sale of its 60% stake in Guizhou Jonyang Kinetics to GICAM

divested 60% stake in Guizhou Jonyang Kinetics to GICAM

2016

BDA Partners is pleased to announce that its client, Singapore Technologies Kinetics Ltd (“STK”), has signed a definitive agreement to sell its 60% stake in Guizhou Jonyang Kinetics Co Ltd (“GJK”) to Guiyang Industrial & Commercial Assets Management Co Ltd (“GICAM”).

Established in 2005 and based in Guiyang, Guizhou Province, China, GJK is a joint venture between STK and GICAM. It designs, manufactures and sells excavators, and other construction equipment and special vehicles, for use in oilfields, urban construction, port construction, road building, airports, agriculture, water conservation, and specialty construction fields.

BDA acted as the exclusive financial advisor to STK on the transaction.

Jeffrey Wang, Head of BDA’s Shanghai office, said, “We’re proud to have worked successfully for Singapore Technologies. We’re delighted to have secured for GJK a strong owner in GICAM, who will be well-placed to continue to develop the company. This transaction demonstrates BDA’s expertise in executing mid-market M&A transactions in China for multinational companies.”

BDA has a long record of advising blue-chip global clients on divestitures across Asia.

Deal team

About Singapore Technologies Kinetics Ltd

STK is a subsidiary of Singapore Technologies Engineering Ltd (ST Engineering), listed on the Singapore Stock Exchange. STK’s main focus is in land systems and speciality vehicles. It is one of Asia’s leading defence and speciality vehicle companies and has a strong portfolio of products and services for the defence, homeland security and commercial markets. Its capabilities include the design and development, systems integration, production, operations & support and through-life management of a wide range of specialised land system equipment and speciality vehicles. www.stengg.com

 

About GICAM

GICAM is a state-owned holding company directly reporting to the municipal government of Guiyang, the capital of China’s Guizhou Province, with a business scope including the operation, management and supervision of the city’s state-owned enterprises in the industrial and commercial sectors.

About BDA

BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A, capital raising, and restructuring. 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, Hong Kong, Shanghai, Beijing, 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 HK subsidiary is licensed and regulated by the Securities & Futures Commission.

Recent transactions