Shanghai Wanye Enterprises Co. Ltd. has bought Compart Systems Pte Ltd. from Platinum Equity for around $398 million.
Real estate developer Shanghai Wanye focuses on investments in the industrial flow control sector. Singapore-based Compart is a parts manufacturer with plants in China and Malaysia. Platinum invests in middle market companies in the manufacturing, distribution, transportation, media and entertainment, technology and telecommunications industries. “We transformed Compart from a traditional manufacturing business into a technology-driven solutions provider that is now much more valuable to its multi-national customers in need of high-quality manufacturing partners in Asia,” says Platinum managing director Soo Jin Goh.
BDA Partners is serving as financial advisor to Platinum on this deal.