New Venture Research, E. J. McKay Partner to Develop China Solutions
New Venture Research (NVR), a U.S. market research and business development firm in the electronics industry, announced a joint venture with E. J. McKay & Co. (Shanghai, China), a corporate strategy and mergers and acquisitions advisory group, to assist original equipment manufacturers (OEMs) and contract manufacturers (CMs) in developing China solutions.
Given the strong interest in outsourcing manufacturing production to China today, the two firms are bringing together their skills and resources to assist electronics companies in identifying Chinese partners, acquisition targets and facilitating joint ventures. NVR and E. J. McKay recently collaborated in writing a syndicated market research report, "Electronics Manufacturing in China" that is published by Electronic Trend Publications.
"Companies needing a low-cost manufacturing solution sometimes do not know where to begin," said Randall Sherman, chief executive officer of NVR. "While NVR is recognized for providing business intelligence in China and other regions, companies often need a skilled and local advisory firm in the country to assist the transaction, perform due diligence and guide them through the legal and cultural channels. E. J. McKay perfected our offering of capabilities for clients in the U.S. and Europe. We thought it best to formalize a program that clearly addressed a China solution for a broader audience."
James Li, Managing Director of E. J. McKay, said, "While our company is a leading strategy and M&A advisor in China and India, we wanted to achieve more visibility and reach in the U.S. market for companies wishing to enter the China."
NVR and E.J. McKay indicate that the China Solutions program provides services in search, qualification, due diligence and transaction execution of mergers and acquisitions, joint ventures, Greenfield and other forms of vehicles. In particular, the program assists electronics companies through three critical stages: providing critical strategic business intelligence; assistance in identifying/choosing suitable Chinese business partners; and advising and facilitating the execution of M&A transaction.
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