New joint venture to help fuel seamless transactions and business agreements between Thailand and Japan
Daiwa Capital Markets Singapore Limited, wholly owned by Daiwa Securities Group Inc. (Daiwa Securities Group), and 9 Basil Co. Ltd. (9 Basil) have agreed to launch a DC Advisory Co., Ltd. arm in Thailand, DC Advisory (Thailand) Co., Ltd. (DC Advisory (Thailand)). The strategic partnership is set to commence merger and acquisitions financial advisory services across the country and the wider Southeast Asian region. The “DC Advisory” brand has been deployed globally in Daiwa Securities Group’s M&A businesses. 9 Basil is a private equity and distressed debt platform that operates as part of Blueprint Forest Group.
This newly announced joint venture brings together a large pool of resources from the Daiwa Securities Group, paired with a strong network of prominent families across South East Asia through 9 Basil. It is set to fuel trade channels between Thailand and Japan when it comes to transactions and corporate contracts. With the Daiwa Securities Group being one of the leading institutions covering almost all big conglomerates and large scale companies in Japan, it is hoped the partnership will enhance opportunities between Japanese corporates and Thai businesses through leveraging 9 Basil’s network and experience.
DC Advisory (Thailand) will offer clients across Thailand and the wider Southeast Asian region access to mergers and acquisitions through joint venture advisory, corporate restructuring and capital market transactions support. According to research from PwC, 40 percent of CEOs are currently planning on pursuing a new strategic alliance or joint venture in order to drive corporate growth or profitability in the coming year. Merger and acquisition activity throughout Southeast Asia, particularly Thailand, has been particularly impactful over the past number of years, with the country being at the forefront of cross-border agreements, accounting for 67 percent of Southeast Asia's deal value. This has placed Thailand as the most active merger and acquisition player in Southeast Asia.
9 Basil is independently managed to allocate capital to leading businesses that would further enhance their position of strength with the value of 9 Basil as partners. 9 Basil currently employs over 12 expert staff through its office in Bangkok.
Daiwa Securities Group is one of the leading comprehensive securities groups in Japan. Established in 1902, currently, Daiwa Securities Group has a market capitalization of approximately $8.8 billion as of 16 February 2021, with over 15,000 employees globally. The group operates in such fields as retail, wholesale (global markets and investment banking), asset management, investment and other services.
Speaking about the new joint venture, Schwin Chiaravanont, Co-Founder and Managing Partner of 9 Basil, said: "We are excited to be taking on this joint venture with Daiwa Securities Group to help fuel trade channels between Japan and Thailand. While our group solely focuses on value-based funds management, pairing our network across the region with Daiwa's global resources, we are confident that DC Advisory will be a successful independent joint venture that capitalizes on both our group resources.”
Mr. Tsutomu Hiramatsu, CEO of Daiwa Capital Markets Singapore Limited, said: “By combining Daiwa Securities Group’s established reputation in investment banking and with 9 Basil’s strong network in Thailand across Asia, the new joint venture will strengthen DC Advisory’s footprint in the Thai and Southeast Asian markets. We hope to create significant partnership opportunities between Thai and Japanese corporates.”