Business Development Asia

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Business Development Asia
Type LLC
Industry Financial services
Founded 1996
Headquarters New York City, United States
Key people Euan Rellie, Senior Managing Director
Charles Maynard, Senior Managing Director
Andrew Huntley, Senior Managing Director
Products Investment Banking
Employees 85 (2013)
Website www.bdallc.com www.bdaadvisors.com

Business Development Asia LLC (BDA) is an investment banking firm that advises on cross-border M&A (mergers and acquisitions), distressed situations, private placements, capital raising, valuations and financial restructurings. BDA provides advisory services on crossborder transactions involving Asia, including the Middle East, typically with transaction values between US$30 million and US$5 billion.

BDA is headquartered in New York with offices in Tokyo, Seoul, Shanghai, Beijing, Hong Kong, Ho Chi Minh City, Mumbai, Bahrain, and London. BDA has seven partners and 85 full-time professional staff across its nine offices, supplemented by senior advisors around the world. BDA advertises itself as the "leading independent pan-Asian M&A advisory firm".

BDA carries out its US securities business through BDA Advisors Inc. BDA Advisors Inc. is a broker-dealer, registered with the US Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation. BDA Advisors Inc. is managed by Euan Rellie and Justine Mannering in New York.

History[edit]

BDA was founded by Euan Rellie and Charles Maynard in 1996. Andrew Huntley joined as its third partner in 1998. All three have extensive Asian experience and remain active partners, overseeing BDA's expansion. BDA is headquartered in New York City, with nine further offices in Hong Kong, London, Mumbai, Seoul, Beijing, Shanghai, Tokyo, Ho Chi Minh City, and Bahrain. Managing Directors include Paul DiGiacomo, Jeffrey Wang, Mark Webster, Jeff Acton, and Justine Mannering. Most of these bankers have worked for BDA for more than ten years.

BDA has experience in the chemicals, automotive, pharma, consumer & luxury, agriculture, and advanced manufacturing industries. Since 1998, BDA has advised on over 100 closed transactions, for clients including Sherwin-Williams, Thomson Reuters, Johnson Controls, Molex, Henkel, Ecolab, Pfizer,[1] Tata Motors,[2] Life Technologies, Weir Group and Larsen & Toubro, and has successfully sold businesses for Arkema, Ardian (formerly AXA Private Equity), Clariant, Henkel, Rexel, and WestLB. BDA clients include AgFeed Inc, AGY Holding, Bain Capital, CITIC Capital Partners, Starboard Value, and Warburg Pincus.

BDA was the Asian associate firm 1997-2009 in the Close Brothers Group, until Daiwa Securities Capital Markets acquired Close Brothers Corporate Finance in 2009. BDA has co-operated internationally with Houlihan Lokey, Harris Williams, Jefferies, Lincoln International, Morgan Stanley, Greene Holcomb & Fisher, Daewoo Securities, WestLB, and other investment banks.

In October 2011, William Blair & Co. formed an alliance with BDA and acquired a 10% stake in BDA, with the goal of increasing the number of cross-border deals from emerging markets. Chicago-based William Blair saw strong strategic advantages in building its investment banking business in Asian markets, establishing a new presence in Tokyo, Seoul, Mumbai, Hong Kong and Bahrain, while strengthening its existing teams in Shanghai, London and New York.[3][4]

BDA publishes Quarterly newsletters covering Asian industry and M&A news covering several sectors: Automotive, Chemicals, Consumer & Luxury, Health, Transport and Logistics, and Technology.[5] BDA's senior management is frequently quoted in media such as The Wall Street Journal[6] and the Financial Times.[7]

Awards and recognition[edit]

BDA has won awards from M&A industry associations and organizations including:

2012:

  • Investment Banking Firm of the Year[8]
  • Dealmaker of the Year (Euan Rellie)[9]
  • Corporate/Strategic Acquisition of the Year[10]
  • Industrial Manufacturing/Distribution Deal of the Year[11]
  • Industrial Goods and Basic Resources Deal of the Year[12]
  • Technology, Media and Telecom Deal of the Year[13]
  • US Private Placement Investment Banking Firm of the Year[14]
  • Cross-border Deal of the Year, Small Mid-markets[15]

2011:

  • Boutique Investment Banking Firm of the Year[16]
  • Industrial Manufacturing/Distribution Deal of the Year[17]
  • Deal of the Decade
  • Asian Boutique Investment Bank Deal Team of the Year[18]
  • Small Mid-market Deal of the Year[19]
  • Cross-border Deal of the Year, Lower Middle-market[20]

2010:

  • Investment Banking Firm of the Year
  • Healthcare/Life Sciences Deal of the Year
  • Cross-border Deal of the Year (over $250 million)[21]
  • Industrials and Resources Deal of the Year[22]

Sector experience[edit]

  • Agriculture
  • Automotive
  • Chemicals
  • Consumer and Luxury
  • Food and Retail
  • Financial Sponsors
  • Healthcare and Life Sciences
  • Industrials
  • Technology, Media and Telecom
  • Transport and Logistics

References[edit]

  1. ^ Kwok, Donny. "Pfizer Sells China Swine Vaccine Unit to Harbin Pharma". Reuters. Retrieved October 30, 2012. 
  2. ^ "Tata Motors sells majority stake in Norwegian cleantech engineering firm to Electrovaya". Reuters. Retrieved October 30, 2012. 
  3. ^ Zimmer, Tony. "William Blair and BDA Announce Global Strategic Alliance". William Blair. Retrieved October 30, 2012. 
  4. ^ Marek, Lynne. "William Blair takes stake in investment bank Business Development Asia". Crain's Chicago Business. Retrieved October 30, 2012. 
  5. ^ "Business Development Asia Newsletters". Business Development Asia. Retrieved October 30, 2012. 
  6. ^ Park, Seah. "Foreign Direct Investment in South Korea Falls 29%". Wall Street Journal. Retrieved October 30, 2012. 
  7. ^ Tucker, Sundeep. "Pfizer in 'watershed' Chinese deal". Financial Times. Retrieved October 30, 2012. 
  8. ^ "Winners Announced for the 11th Annual M&A Advisor Awards". The M&A Advisor. Retrieved 14 December 2012. 
  9. ^ "Winners of the 4th Annual International M&A Advisor Awards Announced". The M&A Advisor. Retrieved October 30, 2012. 
  10. ^ "Winners of the 4th Annual International M&A Advisor Awards Announced". The M&A Advisor. Retrieved October 30, 2012. 
  11. ^ "Winners of the 4th Annual International M&A Advisor Awards Announced". The M&A Advisor. Retrieved October 30, 2012. 
  12. ^ "Winners Revealed for Second Annual ACG New York Champion's Awards". ACG New York. Retrieved October 30, 2012. 
  13. ^ "Winners Revealed for Second Annual ACG New York Champion's Awards". ACG New York. Retrieved October 30, 2012. 
  14. ^ "Acquisition International M&A Awards: Winners Announced". Acquisition International Magazine. Retrieved October 30, 2012. 
  15. ^ "The M&A Atlas Awards, Americas (middle-markets): Congratulations to all the 2012 Winners". Global M&A Network. Retrieved October 30, 2012. 
  16. ^ "The M&A Atlas Awards, Asia Pacific (middle-markets): Congratulations to the Winners Circle 2011". Global M&A Network. Retrieved October 30, 2012. 
  17. ^ "Winners Announced for the 10th Annual M&A Awards at New York Gala". The M&A Advisor. Retrieved October 30, 2012. 
  18. ^ "The M&A Atlas Awards, Asia Pacific (middle-markets): Congratulations to the Winners Circle 2011". Global M&A Network. Retrieved October 30, 2012. 
  19. ^ "The Annual India M&A Atlas Awards: Congratulations to the Winners Circle 2011". Global M&A Network. Retrieved October 30, 2012. 
  20. ^ "The M&A Atlas Awards, Americas (middle-markets): Congratulations to the Winners Circle 2011". Global M&A Network. Retrieved October 30, 2012. 
  21. ^ "The M&A Atlas Awards, Europe (middle-markets): Congratulations to the Winners Circle 2010". Global M&A Network. Retrieved October 30, 2012. 
  22. ^ "The M&A Atlas Awards, Europe (middle-markets): Congratulations to the Winners Circle 2010". Global M&A Network. Retrieved October 30, 2012.