Category: News & Events

Transaction Update: Sale of Speedy Industrial Supplies, a leading Singapore-based EMS solutions provider, to BizLink Holding

Transaction Update: Sale of Speedy Industrial Supplies, a leading Singapore-based EMS solutions provider, to BizLink Holding

The transaction we announced on 27 February 2020 regarding the sale of a 100% stake in Speedy Industrial Supplies to BizLink Holding Inc., has completed on 7 April 2020.

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COVID-19 Measures

COVID-19 Measures

Following the recent recommendations from the government of Singapore to implement telecommuting whenever possible, Pickering Pacific has moved all its team to working from home from Monday 23 March. This arrangement will apply until further notice. Most meetings have been replaced by calls or video conferences. Physical meetings are only maintained in the few cases […]

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

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

The transaction we announced on 3 February 2020 regarding the acquisition by Jebsen & Jessen of 60% of PT Indo Tirta Abadi (“ITA”), an Indonesia-based beverage packaging manufacturer, has completed on 6 March 2020.

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

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.

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

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.

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

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.

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

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.

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Arrival of Chakkhapong Pornbenjapukkul

Arrival of Chakkhapong Pornbenjapukkul

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

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Arrival of Yang Le

Arrival of Yang Le

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

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Joint Venture in the Philippines Food Sector

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. 

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