Jebsen & Jessen divested its 50% stake in JJ-LAPP to its joint venture partner, LAPP Group

Pickering Pacific is pleased to announce that it acted as the exclusive financial advisor to Jebsen & Jessen on the sale of its 50% stake in JJ-LAPP to its joint venture partner, LAPP Group.

JJ-LAPP was founded in 2004 as a 50-50 joint venture between Jebsen & Jessen and LAPP Group. The company is the leading provider of cable and connectivity solutions in ASEAN. JJ-LAPP manufactures in Indonesia with headquarters in Singapore and further locations in Malaysia, the Philippines, Thailand, and Vietnam. JJ-LAPP has grown from a single-digit million-dollar cable distributor into a leading connectivity solutions provider with revenue of more than SGD 200 million across ASEAN.

Jebsen & Jessen is a Singapore-based diversified industrial conglomerate with a network of businesses spanning manufacturing, engineering, mining and distribution activities. Core businesses include industrial garnet, ingredients, packaging and other industrial technologies across more than 15 countries on five continents.

LAPP Group is a German-based leading supplier of integrated solutions and branded products in the field of cables and connection technology. The company's portfolio includes standard and highly flexible cables, industrial connectors and screw technology, customised system solutions, automation technology and robotics solutions. It serves the industrial machinery, plant engineering, food industry, logistics, energy and mobility sectors.

This transaction marks our ninth completed transaction for Jebsen & Jessen.

Jebsen & Jessen’s press release can be found here

LAPP Group’s press release can be found here