Deal Details

Sale of 30% Equity Stake to EQT Partners Growth Capital Transaction

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Summary

About

Modern Metal & Precision Holdings Limited (“Modern Metal” or the “Company”) recently completed a growth capital transaction through the sale of 30% of its shares to EQT Partners (“EQT”) through a new share issue. Financial terms of the transaction were not disclosed.
Established in 1969 and headquartered in Hong Kong, China, Modern Metal is a supplier of highly-engineered aluminum die cast products in the global automotive, climate control and industrial automation markets. The Company’s customers include leading multinational companies in the USA, Europe and Asia. For the fiscal year ended March 31, 2010, Modern Metal generated revenue of approximately $75 million.

EQT is a leading private equity group in Northern Europe with approximately €13 billion of committed capital. EQT invests in medium-sized to large companies in Northern and Eastern Europe, Asia and the United States and is active in buyouts, equity related growth financing and infrastructure. EQT has offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and Zurich.

Baird served as the exclusive financial advisor to Modern Metal in this transaction.

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