Pickering Pacific News – Page 2

Category: Pickering Pacific News

Arrival of Mengyi (Megan) Li

On 4 January 2021, Mengyi Li joined Pickering Pacific as an analyst based in Singapore.

Cooperation between Pickering Pacific and technology expert, Arnaud Bonzom

Pickering Pacific is pleased to announce that it has signed a cooperation agreement with technology expert, Arnaud Bonzom. This partnership will enhance Pickering Pacific’s expertise in the technology sector and extend our network with VCs, CVCs and startups in Southeast Asia.

Divestment of Aliaxis’ operations in Southeast Asia to LESSO Group

Pickering Pacific advises Aliaxis, a global leader in plastic piping systems, on the divestment of its operations in Southeast Asia to LESSO Group.

Johnsonville acquires a 100% stake in PrimaBaguz, a Malaysia-based manufacturer of halal meat-based products

Pickering Pacific is delighted to announce that it acted as exclusive financial advisor to Johnsonville, a US-based processed meat manufacturer, on the acquisition of a 100% stake in PrimaBaguz, a Malaysia-based halal meat-based manufacturer, from Ekuiti Nasional Berhad (Ekuinas), a Malaysia government-linked private equity firm.

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.

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 Most meetings have been replaced by calls or video conferences.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 […]

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.

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

Pickering Pacific advises the shareholders of Speedy Industrial Supplies on the sale of their 100% stake to BizLink Holding.

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.