BDA Advises WestLB on the Divestment of Its Stake in the Tokyo Stock Exchange to Two Separate Buyers
German bank WestLB has reduced its exposure to the Japanese market, divesting its ownership position in the Tokyo Stock Exchange Group. BDA represented WestLB, identified buyers, and executed a successful sellside process
Tokyo, Japan, May 10, 2009 --(PR.com)-- WestLB has divested its shareholding in the Tokyo Stock Exchange Group, in two separate transactions. The buyers were Tokyo Syoken Shinyoukumiai, a business that provides finance to stockbrokers, and Ark Securities Co Ltd, a Japanese securities house.
BDA initiated these transactions and identified the acquirors. BDA was able to close the transactions, the third and fourth transactions on which BDA has achieved a successful close in 2009, despite the difficult market conditions.
The transactions required approval of the Board of the Tokyo Stock Exchange Group, which BDA negotiated.
BDA transaction team
Yuuichiro Nakajima, Managing Director
Jeff Acton, Managing Director
Hiroshi Nagashima, Senior Associate
Toshi Yokohara, Associate
About WestLB
WestLB AG is a European commercial bank with firm roots in North Rhine-Westphalia, Germany´s largest federal state. With total assets of €288bn as at December 31, 2008, it is one of Germany´s leading financial services providers. It is the central institution for the savings banks in North Rhine-Westphalia and Brandenburg, and as an internationally operating commercial bank it acts as their link to the global financial markets. Working in close partnership with the savings banks, WestLB offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, asset management, transaction services and real estate finance. WestLB employs 5,663 staff as of December 31, 2008.
About The Tokyo Stock Exchange
The Tokyo Stock Exchange is the second largest stock exchange in the world by aggregate market capitalization of its listed companies, second only to the New York Stock Exchange. As of March 31, 2009, the Tokyo Stock Exchange had 2,370 listed companies with a combined market cap. of US$2.6 trillion.
About Business Development Asia
Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sponsor clients to identify and execute crossborder acquisitions, divestments, JVs, restructuring and capital raising, in Asia, the Middle East and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 55 full-time professional staff across its eight offices, supplemented by a team of senior advisors around the world. BDA's client list includes Air Liquide, Air Products, Apar Industries, Areva, BorgWarner, Cadbury Schweppes, Celestica, DIC, DuPont, Ecolab, Federal-Mogul, Godrej, Hanjin Shipping, Haldex, Henkel, Hercules, Hershey, Huntsman, Inabata, ITT, Johnson Controls, Johnson Matthey, Kennametal, Kimberly-Clark, Lear, Lubrizol, Magna, Mars, Molex, Nalco, Reuters, Rohm & Haas, Ryder, Seera, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Thomson, Timken, Tomkins, Tredegar, Visteon, WestLB, WR Grace, and the British Government. Further information on BDA is available at www.bdallc.com.
BDA is the Asian member of Close Brothers International, the integrated investment banking network with offices in the key financial centres in Europe, Asia and the USA. This transaction was originated with the involvement of Close Brothers AG in Germany.
###
BDA initiated these transactions and identified the acquirors. BDA was able to close the transactions, the third and fourth transactions on which BDA has achieved a successful close in 2009, despite the difficult market conditions.
The transactions required approval of the Board of the Tokyo Stock Exchange Group, which BDA negotiated.
BDA transaction team
Yuuichiro Nakajima, Managing Director
Jeff Acton, Managing Director
Hiroshi Nagashima, Senior Associate
Toshi Yokohara, Associate
About WestLB
WestLB AG is a European commercial bank with firm roots in North Rhine-Westphalia, Germany´s largest federal state. With total assets of €288bn as at December 31, 2008, it is one of Germany´s leading financial services providers. It is the central institution for the savings banks in North Rhine-Westphalia and Brandenburg, and as an internationally operating commercial bank it acts as their link to the global financial markets. Working in close partnership with the savings banks, WestLB offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, asset management, transaction services and real estate finance. WestLB employs 5,663 staff as of December 31, 2008.
About The Tokyo Stock Exchange
The Tokyo Stock Exchange is the second largest stock exchange in the world by aggregate market capitalization of its listed companies, second only to the New York Stock Exchange. As of March 31, 2009, the Tokyo Stock Exchange had 2,370 listed companies with a combined market cap. of US$2.6 trillion.
About Business Development Asia
Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sponsor clients to identify and execute crossborder acquisitions, divestments, JVs, restructuring and capital raising, in Asia, the Middle East and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 55 full-time professional staff across its eight offices, supplemented by a team of senior advisors around the world. BDA's client list includes Air Liquide, Air Products, Apar Industries, Areva, BorgWarner, Cadbury Schweppes, Celestica, DIC, DuPont, Ecolab, Federal-Mogul, Godrej, Hanjin Shipping, Haldex, Henkel, Hercules, Hershey, Huntsman, Inabata, ITT, Johnson Controls, Johnson Matthey, Kennametal, Kimberly-Clark, Lear, Lubrizol, Magna, Mars, Molex, Nalco, Reuters, Rohm & Haas, Ryder, Seera, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Thomson, Timken, Tomkins, Tredegar, Visteon, WestLB, WR Grace, and the British Government. Further information on BDA is available at www.bdallc.com.
BDA is the Asian member of Close Brothers International, the integrated investment banking network with offices in the key financial centres in Europe, Asia and the USA. This transaction was originated with the involvement of Close Brothers AG in Germany.
###
Contact
BDA
Euan Rellie
212 265 5300
www.bdallc.com
Euan Rellie
212 265 5300
www.bdallc.com
Contact
Categories