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SEAVI Advent’s portfolio wins top honours at prestigious Singapore Enterprise 50 Awards

November 2009

Sin Heng Heavy Machinery Pte Ltd, a SEAVI Advent portfolio company, was awarded the prestigious Singapore Enterprise 50 Awards on 2 November 2009. Sin Heng is a leading heavy lifting services provider with an equipment fleet of aggregate lifting capacity in excess of 9,000 tons. The Company serves numerous blue-chip customers in the infrastructure and geotechnic, construction, offshore and marine as well as oil and gas industries.

Sin Heng was named as the third most enterprising company at this year’s Singapore Enterprise 50 Awards. The award was presented to Sin Heng by Singapore’s Minister of Finance, Mr. Tharman Shanmugaratnam, at a gala dinner attended by corporate and business leaders.

Don Tan, Managing Director of Sin Heng, commented: “Sin Heng is very honoured to be named the third place at the Singapore Enterprise 50 Awards. This achievement would not be possible without the strong support from our valued customers and business partners, as well as our entire team of dedicated management and staff.”

Teo Yi-dar of SEAVI Advent, said: “Our heartiest congratulations to Don and his team for this achievement. The award is a testimony of their efforts and an endorsement of Sin Heng’s business strategies.”

Sin Heng has embarked on its regional expansion strategy with the setting up of overseas subsidiaries in Malaysia and Vietnam. Meantime, Sin Heng will continue its plans of strengthening its presence in Singapore, so as to support the growth and development of Singapore.

About SEAVI Advent Private Equity

SEAVI Advent, the Asian affiliate of Boston based private equity institution Advent International, 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. Over the years, SEAVI Advent has participated in the building and growth of many successful enterprises including Venture Corporation Ltd and Yangzijiang Shipbuilding (Holdings) Ltd.

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