M&A Deal Summary

The Weir Group Acquires Linatex Rubber Products Sdn. Bhd.

On September 17, 2010, The Weir Group acquired manufacturer Linatex Rubber Products Sdn. Bhd. from Navis Capital Partners for 200M USD

Acquisition Highlights
  • This is The Weir Group’s 1st transaction in the Manufacturing sector.
  • This is The Weir Group’s 5th largest (disclosed) transaction.
  • This is The Weir Group’s 1st transaction in Malaysia.

M&A Deal Summary

Date 2010-09-17
Target Linatex Rubber Products Sdn. Bhd.
Sector Manufacturing
Buyer(s) The Weir Group
Sellers(s) Navis Capital Partners
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Linatex Rubber Products Sdn. Bhd.

Darul Ehasan, Malaysia
Raw Natural Rubber, when vulcanized, exhibits an inherent strength, resilience and toughness that combine to provide excellent abrasion resistant performance, especially in slurry applications. Where Linatex has the edge over our competitors is the unique qualities of our patented Linatex 'liquid phase compounding' process. This procedure enables the natural properties of raw rubber to be better preserved.

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Buyer(S) 1

Buyer

The Weir Group

Glasgow, United Kingdom

Category Company
Founded 1871
Sector Engineering
Employees11,444
Revenue 2.5B GBP (2024)
DESCRIPTION

The Weir Group is a global engineering solution provider focused on designing, manufacturing, and supplying innovative products and expert engineering services for the minerals, oil & gas, and power & industrial markets. The Weir Group was founded in 1871 and is based in Glasgow, Scotland.


DEAL STATS #
Overall 4 of 16
Sector: Manufacturing M&A 1 of 3
Type: Add-on Acquisition M&A Deals 4 of 16
Country: Malaysia M&A 1 of 1
Year: 2010 M&A 1 of 4
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-04 Standard Oilfield Services

Baku, Azerbaijan

Standard Oilfield Services Ltd. privately owned company with its principal operations in Baku, Azerbaijan, is an oil equipment services business, providing an excellent portal to the Caspian region. The company also repairs and maintains drilling and pressure control equipment.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-18 BDK Engineering Industries

Hubli, India

BDK Engineering Industries Ltd are one of the renowned manufacturers of Industrial Valves in Hubli. Our wide range of Industrial Products includes Valves, Actuators, Actuator Selection, Gear Boxes, and Solenoid Valve. These products are widely acknowledged among our clients for attributes like robust construction, low maintenance, efficient functioning, and perfect fishing. Having various quality attributes, these products fulfill the needs of Oil & Gas, Power, Water Treatment, Chemical Process, Fertilizer and Pharmaceutical Industries worldwide.

Buy -

Seller(S) 1

SELLER

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.


DEAL STATS #
Overall 5 of 41
Sector: Manufacturing M&A 1 of 3
Type: Add-on Acquisition M&A Deals 3 of 26
Country: Malaysia M&A 1 of 6
Year: 2010 M&A 3 of 3
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Eng Kong Holdings

Jurong, Singapore

Eng Kong Holdings is an integrated logistics operator and a key provider of container related services to global firms operating in the Asia-Pacific region. Eng Kong Group has expanded beyond container depot operation, warehousing, container survey and other related container services to establish itself as a renowned, fully-integrated container service centre. Supporting the high growth logistics infrastructure industry in the region, the Group has operations in Singapore, Malaysia, Thailand, China and Hong Kong. Eng Kong Holdings was founded in 1975 and is based in Jurong, Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Callidus

Balcatta, Australia

Callidus is a provider of high-end flow control solutions to the oil & gas, mining, and renewable energy industries. We specialise in the management, maintenance, servicing and diagnostics of valves, actuators, and instrumentation. Callidus was founded in 1997 and is based in Balcatta, Australia.

Buy -