DC Advisory (DC) exclusively advised Tye Soon on the strategic sale of 100% stake in Yamakawa Trading Co. Pte Ltd., Yamakawa Super Pte. Ltd., Yamakawa H.K. Limited and Yamakawa M Sdn Bhd (collectively, the Yamakawa Group Companies).
The deal allowed Tye Soon to unlock the intrinsic value of its business at an attractive price, with the consideration representing approximately 58% of Tye Soon’s market capitalization.
The divestment also allowed Tye Soon to focus its resources on further expanding its original core Automotive Business going forward.
Yamakawa Group Companies (Yamakawa) is a key distributor of top-tier Japanese food and confectionery brands in Singapore, Malaysia, and Hong Kong.
Yamakawa is the official distributor for Kikkoman’s food products in Singapore. Yamakawa has subsidiaries in Singapore, Malaysia, and Hong Kong as well as a self-owned and managed Yamakawa Super retail store chain in Singapore. Yamakawa distributes a wide range of high-quality Japanese food, alcohol, and healthcare products.
Kikkoman is a Japan based company primarily engaged in the food manufacturing business. Kikkoman’s portfolio consists of a wide range of premium products. Aside from food manufacturing, Kikkoman’s Overseas Food Wholesale segment distributes oriental food products and operates in total 35 hubs in Europe, United States, China, and Oceania.
Yamakawa provides a strong platform for Kikkoman to further strengthen its product distribution network and logistic systems in Singapore, Malaysia, and Hong Kong.