Mourant Ozannes’ Hong Kong banking and finance team has recently advised United Overseas Bank Limited in connection with the financing of the acquisition of Chinese manufacturing businesses, Broadway Foam Plastic Solutions and Compart Flow Control Devices by global private equity firm, Platinum Equity.
Mourant Ozannes Partner, Simon Lawrenson, says: “This transaction reflects a continued trend of private equity interest in China’s manufacturing industry, and in this case the advanced manufacturing space. Our dedicated offshore finance team, the fastest growing in Asia, is regularly instructed to advise on the offshore aspects of complex buyouts and we are pleased to have worked with United Overseas Bank to ensure the smooth completion of this transaction.”
The Mourant Ozannes team was led by Partner Simon Lawrenson with Associate Peter Vas, alongside lead onshore counsel, Linklaters.
Broadway Foam Plastics Solutions is a supplier of protective packaging solutions, insulation and component products to consumer electronics, auto, medical and other end-markets and Compart Flow Control Devices is a supplier of high-precision, machined, metal components including valves, fittings, sensors, and related components used in diverse end-applications.