PwC advised the shareholders of HG Power Transmission on the sale of their shares in the company to Rohas Tecnic
The PwC Malaysia Corporate Finance team is delighted to announce the 75% equity interest divestment of HG Power Transmission Sdn Bhd (“HGPT”) to Rohas Tecnic Bhd (“RTB”). The 75% stake consists of a 50.1% disposal by Navis Capital Partners (“Navis”) and a 24.9% stake by the other shareholder.
HGPT is a leading Malaysia-based Engineering, Procurement & Construction company with a long and proven track record in providing turnkey solutions for High Voltage transmission lines and substations within Malaysia and the region (including Papa New Guinea, Indonesia and Bangladesh).
Navis, founded in 1998, is a private equity firm in Southeast Asia, Australia and Hong Kong. The company focuses on buyouts, recapitalisation, and financial restructurings in Asia. Navis has one of the most established track records in Asian private equity. Since 2000, Navis has made over 70 investments, of which over 20 have been follow-on acquisitions, yielding a return consistently in excess of the top quartile benchmarks in our industry.
PwC Malaysia's Corporate Finance team acted as the exclusive financial advisor to HGPT in connection with the transaction.
The PwC team:
Gregory Bournet
Partner, PwC Malaysia
Contact us
Deals Partner, Corporate Finance Leader, PwC Malaysia
Tel: +60 (3) 2173 0269
