SEAVI Advent has completed the divestment of its portfolio company Dynamic Colours Limited to Intraco Limited, Singapore listed industrial corporate, via a trade sale.
Dynamic Colours is one of the largest plastic resin supply chain solutions provider in Asia, offering colour compounding and modified compounding of resins used in the manufacture of plastic components, and manufacturing of heavy-duty polyethylene bags used for the petrochemical industry. Company has operations in China, Singapore, Malaysia and Vietnam.
SEAVI Advent invested in Dynamic Colours in 2005, seeing good fundamentals and growth opportunity within the sector. Post investment, SEAVI Advent worked closely with management to expand the business via organic growth and acquisitions, and eventually assisted the company list on the Singapore Exchange in November 2007. During the investment period, company’s revenue almost quadrupled from US$25m to US$94m, cementing Dynamic Colours’ pole position as a premier resin supply chain solutions provider in China’s greater Shanghai region.
Yidar TEO, the Investment Partner of SEAVI Advent, said: “We are glad to have worked with the management team in Dynamic Colours. Their acumen, dedication and passion were the foundations of the company’s spectacular growth. We believe that the company is now positioned to move to greater heights and further excel in its businesses.”
The sale raised proceeds in excess of S$10mil for SEAVI Advent.
About SEAVI Advent Private Equity
SEAVI Advent Private Equity, the Asian affiliate of Boston based private equity institution Advent International Corporation, is one of the first private equity and venture capital firms to operate in the Asia Pacific region. Since 1984, the firm has invested over US$500 million into many Asian companies, from growth to late stage, as well as buyout and control transactions. SEAVI Advent has successfully helped more than 40 portfolio companies strengthen their business positions through initial public offerings on the stock exchanges of Singapore, Hong Kong, United States of America, Malaysia, Thailand, Indonesia and Philippines.
In recent years, SEAVI Advent has successfully conducted numerous investments and has been instrumental in delivering value for its portfolio companies, which include Venture Corporation Ltd and Yangzijiang Shipbuilding (Holdings) Ltd.
SEAVI Advent is currently investing from its US$178m SEAVI Advent Equity Fund V.