Shaw Kwei invests $17m in Singapore marine logistics firm

Founded in 2004, Amos provides marine and offshore procurement as well as logistics management solutions to vessels calling at major ports in Asia. The firm's customers include the navies of numerous countries, owners and managers of containerships, tankers, oil rigs and offshore support vessels for the oil & gas industry.

The investment came from Shaw Kwei's third fund raised in 2011. The remaining 40% of Amos is held by company management, including CEO Danny Lien.

The company will use the new funding to invest in a 150,000-square-foot distribution center as well as for expansion of its repair and maintenance workshop. The private equity firm plans to grow the business both organically and through strategic acquisitions in the future.

"This investment further demonstrates Shaw Kwei & Partners' commitment in Singapore. We believe that with deep management experience and a recognized history of quality services 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," Kyle Shaw, Shaw Kwei's managing director and founder, said in a statement.

Founded in 1999, Hong Kong-based Shaw Kwei targets mid-size consumer and manufacturing businesses in China, Hong Kong, Taiwan and Singapore. Previous transactions include two take-privates in Singapore - CHT and Beyonics Technology - that were completed within two months of each other in 2012.

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• Topics
• Southeast Asia
• Buyouts
• Industrials
• Singapore
• Logistics
• buyout
• Shaw Kwei & Partners
• Southeast Asia