PE firm finds opening in exit-seeking founders

Singapore

THE first generation of Asia's manufacturing entrepreneurs are getting old, and private equity (PE) firm Shaw Kwei & Partners is ready to help with a retirement package.

For the past five years, the firm has been pursuing a non-traditional strategy of taking majority stakes in manufacturing companies, the latest being soon-to-be-privatised Chosen Holdings. It is a plan calculated to capture the opportunities created by the growing number of first-generation bosses in the region who are looking for an exit.