Shaw Kwei & Partners, an Asian private equity fund manager, has invested $17 million into marine logistics firm Amos International Holdings for a 60% ownership stake. The remaining ownership is held by Amos’ management led by CEO Danny Lien. Amos will use the new capital to fund growth and to invest in a 150,000 square foot distribution center with cutting edge technology to meet rising customer demand as well as expand its repair and maintenance workshop for both the marine and oil & gas industries.
“We look forward to our partnership with Shaw Kwei & Partners, whose global expertise and extensive network will help expand our market share, particularly in Singapore and China,” said Amos’s CEO Danny Lien.
Amos provides marine and offshore procurement as well as logistics management solutions to vessels calling at major ports across Asia. Founded in 2004, Amos has developed into one of the leaders in the marine supply and logistics industry in South East Asia, having secured long term supply and logistics contracts with numerous major ship-owning and ship-management companies globally. Amos’ customers include the navies of numerous countries, owners and managers of containerships, tankers, FPSOs/FSOs, LNG/LPG vessels, oil rigs and offshore support vessels for the oil & gas industry.
“This investment further demonstrates Shaw Kwei & Partners’ commitment in Singapore. We believe that with deep management experience and a recognized history of quality services Amos is well positioned to increase its market share and growth in the marine and oil & gas sectors with its expanded products and services offerings. We plan to grow Amos both organically and through strategic acquisitions,” says Kyle Shaw, Managing Director and Founder of Shaw Kwei & Partners.
Shaw Kwei & Partners is an Asian private equity fund manager with offices in Hong Kong and Singapore targeting unique opportunities needing sophisticated deal execution skills and Asian expertise. The investment into Amos comes from Shaw Kwei & Partners’ third fund raised in 2011. Since its founding in 1999, Shaw Kwei & Partners has invested across a variety of manufacturing and service businesses and then provided assistance on business strategy, corporate governance, and financial planning to achieve long-term success.
This long Asian investment experience enables Shaw Kwei & Partners to understand the special management and competitive challenges facing businesses operating in today’s global marketplace. Kyle Shaw led the buyout of Flextronics International, a Singapore company, in 1990 with two other Shaw Kwei & Partners executives.
More recently in February 2012 Shaw Kwei & Partners led the $115 million buyout of Beyonics Technology Ltd from the Singapore Stock Exchange. Beyonics is a manufacturer of printed circuit board assembly, plastic injection parts, aluminum casting and machining, and metal stamped components for automotive, industrial, and medical customers. In May 2012 Shaw Kwei & Partners led the US$66 million buyout of CHT Holdings Ltd from the Singapore Stock Exchange. CHT was subsequently rebranded as Yong Le Tape Ltd and is China’s largest manufacturer of adhesive tape used in automobiles and electronics, with factories near Beijing and Shanghai.