M&A Deal Summary

Sime Darby Acquires HMG Made to Last Pty

On October 30, 2018, Sime Darby acquired metals/mining company HMG Made to Last Pty from Pemba Capital Partners for 41M USD

Acquisition Highlights
  • This is Sime Darby’s 1st transaction in the Metals/Mining sector.
  • This is Sime Darby’s largest (disclosed) transaction.
  • This is Sime Darby’s 1st transaction in Australia.

M&A Deal Summary
Date 2018-10-30
Target HMG Made to Last Pty
Sector Metals/Mining
Buyer(s) Sime Darby
Sellers(s) Pemba Capital Partners
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

HMG Made to Last Pty

Meeandah, Australia
website
HMG Made to Last Pty Ltd. is a provider in the design, manufacture, and refurbishment of components and assemblies used in heavy industries. HMG Made to Last was established in 1959 and is based in Meeandah, Australia.

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Buyer(S) 1

Buyer

Sime Darby

Petaling Jaya, Malaysia

website

Category Company
Founded 1910
Sector Diversified
Employees20,000
Revenue 44.5B MYR (2021)
DESCRIPTION

Sime Darby is a diversified company that operates and serve in the industrial, plantation, motors, and logistics sectors as well as the healthcare, insurance, and retail segments. Sime Darby was founded in 1910 and is based in Petaling Jaya, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pemba Capital Partners

Sydney, Australia

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pemba Capital Partners is an independent private equity firm backed by the FirstRand Group focused on public and private company investments in Australia and New Zealand. Pemba looks to invest in profitable companies valued from $30 to $150 million AU. Pemba is a generalist investor, looking for opportunities in a variety of industries positioned for organic growth or growth through acquisitions. Pemba will not invest include early-stage or pure technology, hostile takeovers, property or construction, infrastructure, and agriculture or resources. Pemba Capital Partners was formed in 1998 and is based in Sydney, Australia.

DEAL STATS #
Overall 10 of 12
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Australia) 9 of 11
Year (2018) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Aura

Beaconsfield, United Kingdom

Aura Ltd. is a Customer Experience Management web platform that allows you to drive measurable improvements in system processes across your entire Brand. Aura was established in 1998 and is based in Beaconsfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Device Technologies Australia

Belrose, Australia

Device Technologies Australia is an independent provider of high-grade medical solutions and technologies. From high-quality consumables to advanced theatre equipment and robotics. Device Technologies Australia was established in 1992 and is based in Belrose, Australia.

Sell $509M
Mergr

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