BDA transaction wins two awards at Europe M&A Atlas Awards Gala
Business Development Asia LLC ("BDA") has received two awards from Global M&A Network for its work for AXA Private Equity in 2010. BDA won "Best Cross-border Deal Over US$250m” and “Best Industrials & Resources Deal".
BDA acted as the exclusive advisor to AXA Private Equity, a leading European diversified private equity fund with US$25bn assets under management, on the sale of Eliokem. Eliokem is a global specialty chemicals company based in France. The buyer, Omnova Solutions ("Omnova"; NYSE: OMN), is a global provider of emulsion polymers, specialty chemicals and decorative and functional surfaces. The proposed transaction, priced at EUR227.5m (US$300m), was announced in September 2010, and is expected to close by December 31, 2010.
BDA Deal Team:Andrew Huntley, Senior Managing Director
Euan Rellie, Senior Managing Director
Shariq Siddiqui, Senior Associate
Christophe Walewski, Associate
Business Development Asia LLC ("BDA") assists multinational corporate and financial sector clients to identify and execute acquisitions, divestments, JVs, restructuring and capital raising, in Asia and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 60 full-time professional staff across its eight offices, supplemented by a team of senior advisors around the world. BDA's clients include Areva, Arkema, AXA Private Equity, Celestica, Clariant, Cookson, DIC, Ecolab, Henkel, Hercules, Jardine Pacific, Kennametal, Life Technologies, Molex, Nalco, Pfizer, Rexel, Reuters, Ryder, SigmaKalon, Sun Chemical, The Weir Group, Tredegar, WestLB, and the British Government. Further information on BDA is available at www.bdallc.com
