Docstoc

BDA Advises Totoku Electric on Joint Venture with Belton Technology Group in Hard Disk Drive Components

Document Sample
BDA Advises Totoku Electric on Joint Venture with Belton Technology Group in Hard Disk Drive Components Powered By Docstoc
					BDA Advises Totoku Electric on Joint Venture with Belton Technology Group in
Hard Disk Drive Components

New York, NY, September 05, 2012 --(PR.com)-- Business Development Asia LLC ("BDA") is pleased
to announce that its client, Totoku Electric Co., Ltd. (“Totoku”) has executed a definitive transaction
agreement with Hong Kong-based Belton Technology Group ("Belton") to form a joint venture,
BELTONTOTOKU Technology Limited, which will incorporate Totoku's Hard Disk Drive carriage
assembly business in Japan and the Philippines. Upon closing of the transaction, Belton will own 61% in
the joint venture, and Totoku will own 39%. In conjunction with the joint venture, Totoku also plans to
sell certain assets from its HDD carriage assembly operations in Japan and Thailand to Belton. BDA
acted as the exclusive financial advisor to Totoku on this transaction.

The transaction is expected to close on November 1, 2012, subject to conditions of the definitive
agreements.

BDA Transaction Team
Jeff Acton, Managing Director, Tokyo
Paul DiGiacomo, Managing Director, Hong Kong
Noriyuki Sonoda, Executive Senior Advisor, Tokyo
Mathew Ferguson, Associate, Tokyo
Wataru Nakano, Analyst, Tokyo
Andy Bryant, Associate, Tokyo

About Totoku Electric Co., Ltd.
Totoku, an affiliate of Furukawa Electric Co., Ltd., was established in 1940. It is listed on the First
Section of the Tokyo Stock Exchange and is active in the manufacture and sales of electric wires and
electronic devices. For the financial year ending March 2012, Totoku generated revenues of JPY26.9bn
(US$335m). For further information, please see www.totoku.com.

About Belton Technology Group
Belton Technology Group is a leader in Hard Disk Drive carriage assembly manufacturing, and a full
turnkey contract manufacturer of precision machined components, precision metal stamping components,
plastic injection molded parts, magnetic coil assemblies, flexible printed circuit boards and SMT flip chip
assemblies. For the latest fiscal year, the Group generated consolidated revenues of US$800m. For further
information, please see www.beltontechnology.com.

About BDA
Business Development Asia LLC ("BDA") is a leader in cross-border investment banking. BDA advises
on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same
team since 1996, and has built a track record of providing independent advice to blue-chip corporate and
financial sponsor clients from North America, Europe and Asia. BDA was named Investment Banking
Firm of the Year by M&A Advisor in December 2010. BDA is headquartered in New York with offices
in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain, Seoul and Tokyo. For further information,


                                                  Page 1/3
                               PR.com Press Release Distribution   Terms of Use
please see www.bdallc.com.

For more information regarding this transaction, please contact Jeff Acton in Tokyo at (81) 3 3433 5803
or Paul DiGiacomo in Hong Kong at (852) 2537 9565.




                                                  Page 2/3
                               PR.com Press Release Distribution   Terms of Use
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/438650




                                                  Page 3/3
                               PR.com Press Release Distribution   Terms of Use

				
DOCUMENT INFO
Shared By:
Stats:
views:19
posted:9/5/2012
language:English
pages:3
Description: Business Development Asia LLC ("BDA") is pleased to announce that its client, Totoku Electric Co., Ltd. (“Totoku”) has executed a definitive transaction agreement with Hong Kong-based Belton Technology Group ("Belton") to form a joint venture, BELTONTOTOKU Technology Limited, which will incorporate Totoku’s Hard Disk Drive carriage assembly business in Japan and the Philippines. Upon
PR.com PR.com www.PR.com
About