News

Transworld Capital Group Wins 2011 Asia Pacific M&A Atlas Award

TCG Press Release

December 16, 2011


LOS ANGELES, CA - Transworld Capital Group (TCG) has been named winner of the 2011 Asia Pacific M&A Atlas Award by the Global M&A Network. TCG was chosen for its advisory role in the acquisition of Nexteer Automotive by Pacific Century Motors (PCM), which was selected as 'Middle Market M&A Deal of the Year.' The awards program honors top deals, dealmakers and A-list firms from the Asia Pacific mergers and acquisitions, and private equity communities.

“This award is a great honor for our team,” said Jack Z. Chen, TCG Founder & CEO. He continued: “The Nexteer transaction was a defining deal, demonstrating TCG's capacity to execute such a complicated cross-border transaction and generate value for all the stakeholders involved in record time.”

According to the Global M&A Network, the selection was made on the bases of deal complexity/structure, jurisdiction issues, resiliency metrics such as timeline, rationale and leadership, as well as value variables such as sector, synergies, brand, and community impact. Other selected advisors to the deal included Moelis & Company, Deutsche Bank, and Miller Canfield, PLC.

TCG played a central role in the formation of Pacific Century Motors, a buyers' consortium led by Beijing E-Town International Investment & Development Co., Ltd. (“E-Town”). Nexteer, a major GM subsidiary, was highly sought as a leader in automotive steering system with $2 billion in annual revenues, a leading market position as supplier to most of the major global automakers, and an impressive technology portfolio which included over 1,000 patents.

TCG led PCM successfully through a swift and highly competitive bidding process involving some of the world's top auto parts players and private equity firms. TCG then managed an 80-person team to conduct the due diligence on Nexteer, which involved 42 facilities in 22 countries and over 6,000 employees. Following a successful close in less than 10 months, the transaction was billed as “a landmark deal of the era” by the Wall Street Journal.

For the full list of 2011 Asia Pacific M&A Atlas Award winners, please click here.

About the Global M&A Network
Global M&A Network produces world-class conferences and the Gold Standard of Performance, the M&A ATLAS AWARDS® for mergers, acquisitions, turn-around and alternative investor communities. Part of the M&A ATLAS AWARDS global brand, the Asia Pacific M&A Atlas Awards honor top deals, dealmakers and firms for executing transactions in the wider Asia Pacific and Oceanic mergers and acquisitions communities.

About Transworld Capital Group
Transworld Capital Group is a financial advisory and investment firm specializing in cross border transactions between the Western World and Greater China. The company advises both on M&A and capital-raising transactions as well as partnerships to help businesses access the China market. More information can be found at www.transworldgroups.com.