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Aureos invests USD5.6m in Thai shipbuilder Marsun

Aureos South-East Asia Fund has invested USD5.6m in the Thai shipbuilding company Marsun, a designer, builder and service provider for vessels under 100 metres.

Aureos South-East Asia Fund has invested USD5.6m in the Thai shipbuilding company Marsun, a designer, builder and service provider for vessels under 100 metres.

Aureos South-East Asia Fund is managed by Aureos Capital, a private equity fund management firm specialising in investing in small to mid-cap businesses in emerging markets.

Established in 1980, Marsun offers products including crew boats, passenger ferries, motor yachts, fast patrol boats, research vessels, landing crafts and oil-spill recovery vessels. The company also offers ship refitting, ship maintenance and repair, general engineering and project feasibility studies and is a supplier of marine equipment.

Liam Cully, regional managing partner for Aureos in South-East Asia, says: ‘The prospects for growth in the region’s shipbuilding sector are significant. There is a growing demand for offshore vessels in the region as well as a strong replacement need coming from old vessels in the oil and gas industry. There is also a highly skilled labour market in the country, with very competitive labour costs.

‘These prospects, as well as Marsun’s full spectrum of service offerings for the ship building industry, puts it in a prime position to take advantage of the many opportunities for expansion in the region, and makes it a company that fits well with Aureos’ strategy of investing in businesses with a potential to become regional powerhouses.’

Marsun president Sunchai Chongvisal says: ‘We are very pleased that Aureos invested at this crucial period of expansion for our business and we look forward to working with the Aureos team in further establishing Marsun as the top ship builder and service provider in Asia.’

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