Pan-Asian private equity investor Shaw Kwei & Partners has acquired a 60 percent ownership stake in marine logistics firm Amos International Holdings for $17 million, according to a joint statement from the firms.
Shaw Kwei, which has offices in Hong Kong and Singapore, has invested in Amos with capital from its third fund, Asia Value Investment Fund III, a 2010-vintage with approximately $450 million of commitments, according to the firm. The remaining 40 percent stake will be held by Amos’s management team, led by CEO Danny Lien.
Founded in 2004, Amos provides marine and offshore procurement, and logistics management solutions to vessels calling at major Asian ports. According to its website, it currently operates from a 100,000 square feet facility in the Jurong vicinity, an industrial area in Singapore.
The new capital will be used to fund growth and to invest in a 150,000 square foot distribution centre, the firm said.
Amos has secured long-term supply and logistics contracts with “numerous” major ship-owning and ship-management companies, and its customers include the navies of several countries, as well as owners and managers of containerships, tankers, oil rigs and offshore support vessels, according to the statement.
“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,” Shaw Kwei founder and managing director Kyle Shaw said. “We plan to grow Amos both organically and through strategic acquisitions.”
In February 2012 Shaw Kwei acquired Beyonics Technology for $100 million in a take-private deal, delisting the company from the Singapore stock exchange. The firm followed this up with a second take-private in March, acquiring China-based CHT, one of the largest global PVC adhesive tape manufacturers, for $49 million, PEI reported at the time.