BDA Partners has announced the sale of X-Fiper New Materials Co., Ltd. from its clients, Olympus Capital and AIF Capital, to Beijing Tongyizhong New Material Technology Co., Ltd. BDA served as the exclusive financial advisor for this transaction. X-Fiper, headquartered in Suzhou, is a prominent producer of aramid fibers and papers, essential for various applications like protective clothing and aerospace. As China’s second-largest aramid paper producer, it ensures high-quality products for global markets. Tongyizhong, known for its ultra-high-molecular-weight polyethylene fibers, will benefit from X-Fiper’s capabilities, expanding its market reach significantly.