BDA Partners, a global investment banking advisory firm, is excited to announce that their client, Endeavour United, has reached an agreement to sell Crefact to Hiruta Kogyo. The deal is set to close later in Q3 2023, pending approval from regulatory authorities and other customary closing conditions.
Headquartered in Okayama, Japan, Crefact is a manufacturer of automotive exhaust systems, fuel tanks, and other automotive body parts. The company possesses advanced manufacturing capabilities to meet stringent market demands for the purification of exhaust gases, noise reduction, and the requirements of leading Japanese automotive OEMs.
Under its new ownership, Crefact aims to improve the quality and efficiency of its current muffler and fuel tank products while also expanding its product range to include new items such as busbars that are compatible with electric vehicles.
Toshiaki Yokohara, Managing Director at BDA Tokyo, expressed his satisfaction with the agreement, highlighting the potential for Crefact’s growth in the midst of the automotive industry’s shift towards electric vehicles. He also underscored BDA’s ability to facilitate the right solutions for private equity funds in Japan.
BDA Partners served as the exclusive financial advisor to Endeavour United. The deal team was led by Toshiaki Yokohara, along with Hikaru Murase and Dai Yamabe, all based in Tokyo.
Endeavour United is a private equity firm based in Tokyo, specializing in business successions, corporate carve-outs, privatizations, recapitalizations, and restructurings. The company has invested in around 80 companies across various industries, including manufacturing, construction, consumer goods, corporate services, and technology.
Crefact, on the other hand, is a Tier 1 and Tier 2 supplier to Japanese automotive OEMs, including Mitsubishi Motors, Mazda, and Nissan. Hiruta Kogyo, the buyer, is an automotive parts manufacturer based in Okayama, with operations in China, Indonesia, Thailand, Mexico, and the US. The company is a trusted supplier to Japanese blue-chip automotive OEMs, such as Mitsubishi Motors, Mitsubishi Fuso Truck and Bus, and Daihatsu.
BDA Partners, with over 25 years of experience advising on cross-border M&A, capital raising, and financial restructuring, is known for providing insightful advice and outstanding outcomes for its clients. The firm has offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul, and Tokyo, as well as teams in New York and London.
BDA Partners also has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese Government-owned bank with US$150bn of assets.
In the US, securities transactions are conducted by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). In the UK, BDA Partners is authorized and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities for professional investors.
For more information about BDA Partners, visit their website at http://www.bdapartners.com.
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