M&A Deal Summary

ShawKwei & Partners Acquires CR Asia

On November 8, 2021, private equity firm ShawKwei & Partners acquired energy services and equipment company CR Asia for 101M USD

Acquisition Highlights
  • This is ShawKwei & Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is ShawKwei & Partners’ largest (disclosed) transaction.
  • This is ShawKwei & Partners’ 4th transaction in Singapore.

M&A Deal Summary
Date 2021-11-08
Target CR Asia
Sector Energy Services and Equipment
Buyer(s) ShawKwei & Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 101M USD

Target

CR Asia

Singapore, Singapore
CR Asia provides specialized maintenance, plant upgrade, revamp, and engineering services in Asia and has permanent facilities in Thailand, Singapore, Malaysia, and India. The company's main objective is to become the ‘partner-of-choice’ for delivering comprehensive maintenance, plant upgrade, revamp and engineering solutions to the Oil, Gas, Refining, Petrochemical, Power and other heavy industries. It has a strong onshore and offshore capabilities, a proven track record of successful project delivery and are continually investing in new technology to improve safety and generate more value for customers. CR Asia was founded in 1991 and is based in Singapore, Singapore.

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Buyer(S) 1

Buyer

ShawKwei & Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

ShawKwei & Partners is a private equity firm focused on opportunities across the greater China region. The Firm takes an active role with investments and generally targets significant ownership stakes in middle-market manufacturing and service companies. ShawKwei & Partners was established in 1999 and is headquartered in Hong Kong.

DEAL STATS #
Overall 8 of 12
Sector (Energy Services and Equipment) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 3
Country (Singapore) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-25 ICS

Hong Kong, China

ICS is a full-service provider of color cosmetic, skincare, pharmaceutical packaging and beauty accessories. ICS specialties include product development and design, industrialization and engineering, R&D, project management, quality assurance and quality control, ethical sourcing, social accountability and sustainability, sales and business development, and supply chain and logistics. ICS was founded in 1991 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Rauxel

Sydney, Australia

Rauxel is a manufacturer of beauty and healthcare products. Specializing in botanicals and natural extracts supports the global trends for sustainable, innovative, and natural beauty products. Rauxel was founded in 1986 and is based in Sydney, Australia.

Buy -
Mergr

Product

Company

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