Shaw Kwei recruits managing director in Hong Kong
Shaw Kwei & Partners has recruited Paul DeMand, who brings three decades of operational experience in the automotive, electronics, and precision machining industries, as a managing director.
Based in Hong Kong, DeMand will help develop investment opportunities and work with portfolio companies across Asia, Europe, and North America. Shaw Kwei primarily invests in middle-market industrial, manufacturing, and related business-to-business services companies. Its deals frequently feature cross-border elements.
DeMand began his career with General Motors in the US and went on to lead the industrial products group at Hong Kong-listed Johnson Electric and serve as group president of US metalworking solutions business Kennametal. He was also CEO of PSM International, a fastener manufacturer with a strong presence in Greater China, that was owned by EQT until 2019.
“Paul is an exceptional business leader and brings deep industry experience to Shaw Kwei as we seek to capitalize on our large pipeline of buyout opportunities in the mid-market space. His past global industrial experience is a perfect fit for Shaw Kwei’s value-creation of our portfolio companies,” said Kyle Shaw, founder and a managing director at the firm, in a statement.
Shaw Kwei is currently deploying its fourth fund, which closed at $812 million in 2018. Working from offices in Hong Kong, Singapore, and Shanghai, it targets businesses with revenue of $50-800 million and focuses on delivering sustainable performance improvements in sales growth, margin expansion, and capital efficiency.
Recent investment activity includes backing International Cosmetics Suppliers, a Hong Kong-based packaging specialist for the global beauty industry.
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