News & Events – Page 2 – Pickering Pacific

Category: News & Events

Jebsen & Jessen acquires a 60% stake in PT Indo Tirta Abadi, a beverage packaging manufacturer in Indonesia.

Pickering Pacific is delighted to announce that it acted as exclusive financial advisor to Jebsen & Jessen on the acquisition of a 60% stake in PT Indo Tirta Abadi (“ITA”), an Indonesia-based beverage packaging manufacturer. ITA’s 2019 revenue was SGD 42m and it employs 500 people. The transaction was signed on 31 January 2020 and is expected to close in early March 2020.

Transaction Update: Jebsen & Jessen to divest its 50% stake in MHE-Demag to Finnish cranes group Konecranes for c. SGD 222 million.

The transaction we announced on 5 December 2019 on the sale of Jebsen & Jessen’s 50% stake in MHE-Demag to Konecranes for c. SGD 222 million has completed on 2 January 2020.

Acquisition of a 25% stake in MHE-Demag (P), Inc. by MHE-Demag (S) Pte. Ltd. from First Philippine Holdings

Pickering Pacific is pleased to announce that as part of our work on the sale of Jebsen & Jessen’s 50% stake in MHE-Demag to Konecranes signed on 5 December 2019, we also advised Jebsen & Jessen on the earlier acquisition by MHE-Demag (S) Pte. Ltd. of the 25% of MHE-Demag (P), Inc. owned by First Philippine Holdings.

Jebsen & Jessen to divest its 50% stake in MHE-Demag to Finnish cranes group Konecranes for c. SGD 222 million.

Pickering Pacific is pleased to announce that it acted as exclusive financial advisor to Jebsen & Jessen on the sale of its 50% stake in MHE-Demag to Konecranes for c. SGD 222 million.

Arrival of Chakkhapong Pornbenjapukkul

On 22 July 2019, Chakkhapong Pornbenjapukkul joined Pickering Pacific as an analyst based in Singapore.

Arrival of Yang Le

On 20 June 2019, Yang Le joined Pickering Pacific as an analyst based in Singapore.

Joint Venture in the Philippines Food Sector

Pickering Pacific is pleased to announce that it acted as exclusive financial advisor to Johnsonville on its agreement with Frabelle Fishing Corporation to jointly manufacture, distribute and sell chilled and frozen meat products in the Philippines.

Arrival of Thomas Do

On 27 May 2019, Thomas Do joined Pickering Pacific as an analyst based in Singapore.

Acquisition of Qualspec Group, an Australia-headquartered testing, inspection and audit company, with main operations in China

Pickering Pacific is pleased to announced that it acted as exclusive financial advisor to Worms Safety on its acquisition of Qualspec Group.

Sale of Jebsen & Jessen’s stake in JJ-Muntons (Thailand) Ltd

Pickering Pacific would like to announce that it acted as exclusive financial advisor to Jebsen & Jessen Ingredients, a subsidiary of Jebsen & Jessen, in the sale of its stake in JJ-Muntons (Thailand) Ltd to Muntons Ingredients (Thailand) Limited, the subsidiary of Muntons plc, a leading UK malted ingredients manufacturer.