Advised on the $200million sale of a Malaysian based rubber maker by a major Private Equity fund
We advised a major Asian Private Equity fund on the $200million sale of a Malaysian based rubber maker. This exit represented the completion of a full circle as we acted for our client on the original acquisition and then shortly thereafter, the disposal of non-core subsidiaries in Europe.
The fund purchased the rubber maker from a UK listed conglomerate, who believed that the manufacturer was outside of their core holdings and not performing to expectations. The rubber maker's headquarters were moved from the UK to Malaysia after the acquisition. Our client was able to sharpen the business by working with management to focus its operations. This resulted in substantial growth and a Group ready to contribute to an acquirer.
Acting on the acquisition of a UK headquartered business, selling off subsidiaries in Europe, moving the business to Asia, advising on its expansion and then acting on disposal of a Group that covered six continents required the international expertise and scale of our team. Despite the far flung network and the requirement for competition approval in South Africa, the transaction was completed in record time, to the delight of all parties involved.