Partners Group has invested an undisclosed amount in Korean company Saehwa International Machinery. Partners was joined in the funding by STIC Investments. Saehwa is an outsourcer for tire mold and drum manufacturing, and a manufacturer of tire building machinery. The company is based in Korea, with operations in China and North America.
Partners Group completes direct equity investment in Saehwa International Machinery on behalf of its clients
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.”
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 450 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of above CHF 4.0 billion with a clear majority owned by its 36 Partners and all employees.