Japan bank buys 5% stake in BDA Partners
Singapore: Japanese government-owned Development Bank of Japan (DBJ) has purchased a 5% stake in New York-based investment banker and merger and acquisition (M&A) advisor BDA Partners, according to an announcement on 8 September. This is seen as a move by the Japanese banker to support outbound M&AS into South-east Asia, where BDA has been active for over a decade.
The Japanese bank will own the 5% stake in the enlarged equity of Asia-focused BDA which will have access to future equity from DBJ, at BDA’S discretion,. Additional terms of the deal were not disclosed. “The two firms will jointly pursue M&A advisory and capital raising mandates connecting Japan with the rest of Asia, Europe and the US. Through this partnership, BDA will enhance its ability to serve clients in selling companies to Japanese buyers. DBJ’S clients will also gain access to top quality acquisition targets worldwide, with advisory support from BDA,” the announcement said.