The Selling Company: Box Asia Group, Ltd.; Rayong, Thailand
Why the company was sold: The owners wished to exit the company after successfully growing it to be a global leader in low-cost consumer packaging design and printing. Both were French nationals and had a desire to return to Europe. After considering potential advisors based around the world, they engaged with Capital Alliance due to their belief in our deal process knowledge and global reach.
Capital Alliance’s Performance: Capital Alliance was engaged by Box Asia to market the company on a worldwide basis. Our activities generated several viable candidates from around the globe including Malaysia, Fiji, Singapore, France, the United Sates, India, Australia, China and Japan. Over the course of the program, four offers were received and the business ultimately sold for a significant multiple of earnings.
Terms of the Transaction: After receiving acceptable offers from strategic, qualified firms in both Australia and China, our clients ultimately accepted an offer from a multi-billion-dollar Japanese paper and packaging conglomerate that already had operations in Thailand. The deal included a significant up-front cash payment at closing, a three year earn-out with ongoing profit participation, and a lucrative consulting contract for one of the owners who wanted to be a part of the company’s evolution and growth as part of a global power in their industry.
The Acquiring Company: Oji Holdings Corporation, Tokyo, Japan.