December 2019 – Pickering Pacific

Month: December 2019

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.