BDA and William Blair Announce Global Strategic Alliance by PR.com

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Business Development Asia LLC (BDA) and William Blair & Company today announced a global strategic alliance. William Blair has completed a growth capital investment in BDA, acquiring approximately 10% of BDA’s equity. Additional financial terms have not been disclosed. With this partnership, BDA enhances its ability to serve its clients in transactions beyond Asia and provides William Blair’s clients with

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									BDA and William Blair Announce Global Strategic Alliance

New York, NY, October 21, 2011 --(PR.com)-- Business Development Asia LLC (BDA) and William
Blair & Company today announced a global strategic alliance. William Blair has completed a growth
capital investment in BDA, acquiring approximately 10% of BDA's equity. Additional financial terms
have not been disclosed. With this partnership, BDA enhances its ability to serve its clients in transactions
beyond Asia and provides William Blair's clients with added confidence that William Blair can locate the
best investors and strategic parties, no matter the location.

Founded in 1996 and led by Euan Rellie, Charles Maynard, and Andrew Huntley, BDA is a leading
independent pan-Asian middle-market investment banking advisory firm. BDA advises on international
mergers and acquisitions and provides related advisory services for blue-chip corporate and financial
sponsor clients. BDA has seven partners and a total of 60 employees in eight countries. BDA specializes
in cross-border transactions with enterprise values up to US$1 billion involving Asia.

Euan Rellie, co-founder and partner of BDA, noted, “We considered several potential alliance partners
and concluded William Blair to be the optimal candidate. Like William Blair, BDA offers exceptional
service and unbiased advice to our clients around the world. We're excited to work together to offer
unparalleled Asian and cross-border transactions to a global client base.”

Charles Maynard, co-founder and partner of BDA, added, “The new investment from William Blair
expands BDA's capital base and supports our strategy to grow aggressively, further strengthening our
position in Asian cross-border M&A. Our firm will continue to hire and retain the best professionals to
support our clients.”

Andrew Huntley, senior managing director and partner of BDA, said, “In addition to BDA's strong
existing business advising on sell-side and buy-side transactions in Asia, we are seeing a growing appetite
among corporate and financial investors from Asia and the Middle East for opportunities in Europe and
North America. This tie-up allows us to answer that need more effectively. We will expand what we can
offer our clients through this partnership.”

“As globalization continues, we see an increasing number of international buyers interested in the
high-quality businesses we represent around the world. By forming this relationship with BDA, we
expand our reach into certain regions - for example, India, Korea, and Japan - where we do not have an
established, local presence. Our international footprint, diversified industry experience, and focus on the
middle market are well aligned with BDA's focus,” said Brent Gledhill, William Blair's global head of
corporate finance.

The Asia-Pacific region's importance has grown significantly. In 2010, over 8,700 deals worth more than
$594 billion cumulatively were consummated in the region, a 25% increase in volume over 2009.(1)
Since 2004, Asia-Pacific has increased from 12.7% of global inbound M&A activity to 23.4% in 2010.(2)
Further, Asia-Pacific surpassed Europe in 2010 as the second-most-active region for M&A activity,
behind North America.(1)


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Mark Brady, William Blair's global head of mergers and acquisitions, added, “Since 2006, approximately
35% of our $97 billion in M&A transactions have been cross-border. We expect that trend to grow. We
have observed Asian buyers gaining prevalence as active participants in sale processes. Since opening our
Shanghai office in 2007, we have worked hard to build relationships with companies and private-equity
firms in the region. This alliance increases our confidence that we can deliver the best outcomes for our
clients by clearing the market globally.”

BDA and William Blair's alliance combines an established U.S. and Europe-focused middle-market firm
with a specialist Asian advisory boutique, creating a leading, global middle-market presence with a
combined 230 bankers in 16 offices across nine countries. In total, William Blair and BDA have
completed over 130 M&A advisory assignments since the beginning of 2010, totaling more than $21
billion in transaction value.

Sources:
(1) Bloomberg
(2) Citigroup

About Business Development Asia LLC

Business Development Asia LLC (BDA) assists multinational corporate and financial sponsor clients in
identifying and executing acquisitions, divestments, JVs, restructuring, and capital raising in Asia and
internationally. The company is headquartered in New York with offices in Tokyo, Seoul, Shanghai,
Hong Kong, Mumbai, Bahrain, and London. BDA has seven partners and 60 full-time professional staff
across its eight offices, supplemented by a team of senior advisors around the world. Further information
on BDA is available at www.bdallc.com.

About William Blair Investment Banking

William Blair's investment banking group combines significant transaction experience, rich industry
knowledge, and deep relationships to deliver successful advisory and financing solutions to our global
base of corporate clients. We serve both publicly traded and privately held companies, executing mergers
and acquisitions, growth financing, special situations and restructuring, and general advisory projects.
This comprehensive suite of services allows us to be a long-term partner to our clients as they grow and
evolve. In 2010, the investment banking group completed 65 merger-and-acquisition transactions worth
more than $9 billion in value, involving parties in 22 countries, and was an underwriter on 20% of all
U.S. initial public offerings.

About William Blair & Company, L.L.C.

William Blair & Company is a global investment banking and asset management firm. We are committed
to building enduring relationships with our clients and providing expertise and solutions to meet their
evolving needs. An independent and employee-owned firm, William Blair is based in Chicago, with 10
office locations including London, New York, Shanghai, and Zurich. For more information, please visit


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www.williamblair.com.

For more information regarding this transaction, please contact Tony Zimmer with William Blair on
1(312) 364-8611 or Megan Hartnett with Business Development Asia on 1(212) 265-5300.

This is not in any sense a solicitation or offer of the purchase or sale of securities. The factual statements
herein have been taken from sources we believe to be reliable, but such statements are made without any
representation as to accuracy or completeness or otherwise. Opinions express are our own unless
otherwise stated. Prices shown are approximate.

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Contact Information:
BDA
Euan Rellie
212 265 5300
Contact via Email
www.bdallc.com


Online Version of Press Release:
You can read the online version of this press release at: http://www.pr.com/press-release/363060




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