BDA Advises DIC And Sun Chemical On China Transaction

New York, NY - Business Development Asia ("BDA") announced that Sun Chemical and its parent, Dainippon Ink & Chemicals ("DIC"), have formed a majority-owned joint venture with Nantong Shanjing Metallic Pigments Co Ltd, a leading China-based manufacturer of aluminum pigments. Nantong Shanjing specializes in the production and sale of aluminum pigments and pastes used in industrial and commercial products. It has a new manufacturing plant based in Nantong, Jiangsu Province and an office in Shanghai, specializing in R&D and sales. The transaction is an important step for Sun Chemical to expand its product offerings and strengthen its performance in the Asia Pacific.

BDA acted as exclusive financial advisor to DIC and Sun Chemical throughout the transaction, initially identifying the opportunity then advising on negotiations, valuation, documentation and transaction completion.

"This joint venture is yet another step in Performance Pigments becoming the leader in appearance and effects," said Brian Leen, General Manager and Corporate Vice President, Performance Pigments Group, Sun Chemical. "Our objective is to be able to offer our customers the widest range of effect materials and deliver them at the highest level of reliability in our industry."

"We're pleased to help another leading US specialty chemical company, and its highly-regarded Japanese parent, to improve their position in China," said Euan Rellie, Senior Managing Director, BDA. "BDA has built a formidable position advising Western chemical companies in Asia. We are working on a number of other JVs, acquisitions, capital raising and restructuring projects, across the region. It is seldom easy to close M&A transactions in Asia. BDA has closed twelve transactions in the last year, proving that success is increasingly possible."

SOURCE: Business Development Asia