Press releases
Partners Group completes direct equity investment in Saehwa International Machinery on behalf of its clients
Baar-Zug, 1 February 2011
Partners Group, the global private markets investment manager, has closed a direct equity investment in Saehwa International Machinery on behalf of its clients together with its investment partner STIC Investments in Korea.
Saehwa is the global leader for outsourced tire mold and drum manufacturing and a leading manufacturer of tire building machinery. Saehwa is headquartered in Korea and its subsidiaries operate in China, Southeast Asia and North America. Over the last 30 years the company has built an excellent brand reputation and provides its products to a globally diverse customer base that includes several of the global top ten tire manufacturers.
Partners Group will seek to work closely with Saehwa's management, leveraging its industry network to support Saehwa in further expanding its market leadership through global co-operations with other leading global tire manufacturing equipment providers.
Alex Cho, Head of Partners Group's Seoul office, comments: “We are very pleased to participate in this unique direct investment opportunity in Korea. The investment in Saehwa should allow Partners Group's clients to profit from the strongly growing automotive markets in the emerging markets economies.”