BDA advises DIC and Sun Chemical on China investment

Business Development Asia ("BDA") is pleased to announce that Sun Chemical and its parent, Dainippon Ink & Chemicals, have formed a majority-owned JV with Nantong Shanjing Metallic Pigments Co Ltd, a leading China-based manufacturer of aluminum pigments. Nantong Shanjing produces aluminum pigments and pastes used in industrial products. It has a new manufacturing plant based in Nantong, Jiangsu Province and an office in Shanghai, specializing in R&D and sales.

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

"This JV is yet another step in Performance Pigments becoming the leader in appearance and effects," said Brian Leen, GM and Corporate VP, Performance Pigments, Sun Chemical. "Our objective is to be able to offer customers the widest range of effect materials and deliver them at the highest level of reliability."

"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 chemical companies. We are working on other 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 possible."

Sun Chemical

Sun Chemical is the world's largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. Sun is a US$4bn revenue subsidiary of DIC, with headquarters in Fort Lee, New Jersey, USA; Watford, England; and Weesp, the Netherlands.

DIC

DIC is one of Japan's most diversified chemical companies. It has 230 subsidiaries and affiliates in 60 countries. The operations of DIC are divided into: graphic arts materials; industrial materials; high performance & applied products; electronics & information materials; and related business, purchasing & logistics. DIC supplies products to industrial users around the world, as a leader in the markets for printing inks, organic pigments and performance resins.

BDA

Business Development Asia LLC is an investment banking firm, founded in 1996. BDA assists 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 55 professional staff across eight offices, supplemented by a team of senior advisors around the world. BDA’s client list includes Air Products, Apar Industries, Cadbury Schweppes, Celestica, DIC, Dow Chemical, DuPont, Ecolab, Global Power, Godrej, Great Lakes, Hanjin Shipping, Hercules, Huntsman, Inabata, Johnson Controls, Kennametal, Kimberly-Clark, Lear, Lubrizol, Mars, Molex, Morgan Stanley, Nalco, Reuters, Rohm & Haas, Ryder, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Tredegar, Visteon, WR Grace, and the British Government.

www.bdallc.com

New York
Euan Rellie
Senior Managing Director
(1) 212 265 5300

Charles Maynard
Senior Managing Director
(1) 212 265 5300

London
Andrew Huntley
Senior Managing Director
(44) 20 7655 3500

Bahrain
Tamer Makary
Assistant Director
(973) 1756 7914

Mumbai
Rohit Singh
Managing Director
(91) 22 2643 0290

Hong Kong
Paul DiGiacomo
Managing Director
(852) 2537 9565

Shanghai
Jeffrey Wang
Managing Director
(86) 21 5407 5580

Seoul
Hans Kim
Director
(82) 2 3276 3150

Tokyo
Yuuichiro Nakajima,
Managing Director
(81) 3 3433 5803