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Singapore–(ANTARA/Enterprise Wire)- Asian personal fairness agency ShawKwei & Companions (“ShawKwei”) pronounces the US$ 101 million acquisition of CR Asia Pte Ltd (Singapore) and all its subsidiaries, collectively often known as the CR Asia Group. With a 30-year historical past the CR Asia Group is a number one vitality engineering options enterprise working throughout Asia servicing world-class prospects corresponding to Shell, Reliance, and Neste. ShawKwei has acquired the CR Asia Group from Joh. Mourik & Co. Holding B.V. of the Netherlands, Arabian Pipeline & Providers Co. Ltd. (Anabeeb) of Saudi Arabia, and different minority shareholders.
Based in 1991 in Singapore, the CR Asia Group right this moment serves prospects in 18 Asian international locations from its everlasting bases in Singapore, Thailand, India, and Malaysia. These prospects personal vegetation and services utilized in processing vitality and chemical substances utilized in manufacturing plastics, textiles, cosmetics, electronics, paints, and packaging merchandise. The CR Asia Group is well-known in charging and discharging mission-critical catalysts, that are the core reactors utilized in vitality refining, chemical substances & fertilizers, and different heavy industrial processing services. The CR Asia Group additionally gives different providers together with gear & plant upkeep, pipeline & course of providers, shutdowns & turnarounds, in addition to engineering, procurement, and development (EPC) providers.
Kyle Shaw, Founder and Managing Accomplice of ShawKwei, mentioned, “the CR Asia Group has a popularity for excellence in vitality engineering options throughout Asia and is effectively positioned for the vitality transition to a decrease carbon financial system. The CR Asia Group is supported by loyal workers, long run buyer relationships, and an in depth community of technical companions. We’re excited to associate with all the the CR Asia Group crew and put money into organizational, operational, and automation expertise initiatives to capitalize on the decrease carbon shift.”
Mark Stansfield, Managing Director of the CR Asia Group, mentioned, “Our administration crew welcomes ShawKwei as we additional assist our prospects in reducing carbon emissions whereas additionally sustaining the safety of vitality, meals, and industrial provide chains. As 2021 marks the thirtieth anniversary of the CR Asia Group, we replicate again with pleasure at our previous achievements and we glance ahead with confidence in contributing to de-carbonization and enhancing vitality effectivity for our prospects.”
About ShawKwei & Companions
ShawKwei & Companions is a non-public fairness fund supervisor with places of work in Hong Kong, Singapore, Shanghai and San Francisco. ShawKwei & Companions invests in manufacturing, industrial, and repair firms working throughout Asia, Europe and the USA with revenues between US$50-800 million. After investing, ShawKwei & Companions improves companies by partnering with administration to establish and notice sustainable efficiency enhancements in gross sales progress, margin enlargement, and capital effectivity.
Kyle Shaw established ShawKwei & Companions in 1998 after beforehand managing Asian personal fairness funds for the Tudor Funding Group and Safety Pacific Nationwide Financial institution. Previous investments embody YongLe Tape, China’s main adhesive tape producer; Beyonics, a precision producer of steel, plastic, and electronics for the Healthcare, Automotive, and Know-how industries working throughout Asia; Flex Holdings (beforehand Flextronics), a contract producer of digital merchandise; and Schmid Group, a German designer and producer of kit for photo voltaic, electronics, and lithium battery prospects.
Contacts
Mark Stansfield, Group Managing Director at CR Asia Group
T: +66-2-653-3913-5
Shirley Li, Communications Supervisor at ShawKwei & Companions
T: +852 3162 8479 / +86 138 1789 4699
Supply: ShawKwei & Companions
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