BDA Advises Sofipa on Sale of Kiian SpA

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					BDA Advises Sofipa on Sale of Kiian SpA

New York, NY, November 14, 2012 --(PR.com)-- Business Development Asia LLC (“BDA”) is pleased
to announce that its client, Sofipa SGR SpA (“Sofipa”), on behalf of the closed end fund Sofipa Equity
Fund (“SEF”), has agreed to sell its 100% stake in Kiian SpA (“Kiian”) to Wise SGR SpA (“Wise”) and
Alcedo SGR SpA (“Alcedo”), two Italian private equity firms. BDA served as joint financial advisor with
Eidos Partners. Subject to Banca d'Italia approval, the closing of the transaction is expected to take place
in December.

Kiian, headquartered in Como, Italy, is a leader in the development, manufacture and sale of specialty
inks used in the screen printing and digital printing industries. Kiian operates through five production
sites (in Italy, China and Spain) and three distribution centres (Italy, Netherlands and Spain). Products are
sold under three brands - Manoukian Argon, Visprox and KFG - in 96 countries worldwide.

Valentina Franceschini, partner of Wise, and Maurizio Masetti, managing partner of Alcedo, commented,
“Kiian is an excellent example of an Italian SME with an international profile and a strong export
orientation. Kiian has all the prerequisites to exploit the opportunities linked to the evolution of printing
technologies on an international level, with particular reference to the textile sector in which Italy is at the
forefront. This investment is in line with the strategy of our funds to invest in SMEs with a leadership
position in their respective markets and strong growth potential.”

The sale of Kiian represents the seventh exit carried out by Sofipa on behalf of SEF and SEFII, resulting
in an accumulated capital gain for the funds of €60m, a 1.8x cash multiple, on realized investments.

BDA Transaction Team
Andrew Huntley, Senior Managing Director, London
Jonathan Aiken, Senior Associate, London

About Sofipa
Sofipa SGR SpA manages the closed-end private equity funds SEF and SEFII with assets under
management of €305m. Sofipa SGR SpA, part of the UniCredit Group, is the object of a Sale and
Purchase Agreement regarding the sale of 100% of its share capital, between UniCredit SpA, as vendor,
and Cuneo e Associati SpA and Paolo Zapparoli, shareholders of Synergo SGR SpA, as acquirers.
www.sofipa.unicredit.it

About Wise
Wise SGR SpA manages private equity closed-end funds investing in small and medium sized
companies, with a special focus on Italy. www.wisesgr.it

About Alcedo
Alcedo SGR SpA, an independent fund management company controlled by its management, is one of
Italy's most experienced private equity firms and a leader in growth capital investments. The investors are
Italian banks and foundations, international fund of funds and Italian entrepreneurs. www.alcedo.it


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About BDA
Business Development Asia is an investment banking firm that advises on international mergers and
acquisitions. We specialize in cross-border transactions involving Asia, with enterprise values up to
US$1bn. We have a strong track record advising North American, European, and Asian firms on
cross-border transactions. BDA was named Investment Banking Firm of the Year by The 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. www.bdallc.com

For more information regarding this transaction, please contact Andrew Huntley in London on +(44) 20
7182 4518.




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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/454966




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Description: Business Development Asia LLC (“BDA”) is pleased to announce that its client, Sofipa SGR SpA (“Sofipa”), on behalf of the closed end fund Sofipa Equity Fund (“SEF”), has agreed to sell its 100% stake in Kiian SpA (“Kiian”) to Wise SGR SpA (“Wise”) and Alcedo SGR SpA (“Alcedo”), two Italian private equity firms. BDA served as joint financial advisor
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