M&A Deal Summary

Standard Chartered Private Equity Acquires Tat Hong

On July 18, 2018, Standard Chartered Private Equity acquired distribution company Tat Hong

Acquisition Highlights
  • This is Standard Chartered Private Equity’s 1st transaction in the Distribution sector.
  • This is Standard Chartered Private Equity’s 2nd transaction in Singapore.
Investment Fate
  • Tat Hong was sold to a financial buyer in 2018.

M&A Deal Summary

Date 2018-07-18
Target Tat Hong
Sector Distribution
Buyer(s) Standard Chartered Private Equity
Deal Type Going Private

Target

Tat Hong

Singapore, Singapore
Tat Hong is a crane distributor and operator across the region, with a primary focus in ASEAN, China and Australia. The company's cranes are used primarily in heavy construction projects, such as infrastructure and industrial construction. In addition to leasing, the company provides related services, including heavy lift engineering and execution, project management and equipment installation. Tat Hong was formed in 1970 and is based in Singapore.

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Buyer(S) 1

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 15 of 15
Sector: Distribution M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: Singapore M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Travel Boutique Online

Gurgaon, India

Travel Boutique Online is an online B2B travel distribution company. Travel Boutique Online was founded in 2006 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Omni Centre

Singapore, Singapore

Omni Centre, a new electronics retail company owns and operates 60 electronic retail stores in Singapore.

Sell -