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Announced

SYZ Capital acquired Singapore-based SINWA Group.

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Sources

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Singapore

Acquisition

Private Equity

Private

Machinery: Specialty

ship chandler

Synopsis

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SYZ Capital acquired a stake in SINWA Group, the largest ship chandler in Singapore, supplying essential goods to ships and their crews. Financial terms were not disclosed. Marc Syz, Managing Partner of SYZ Capital, says: "We believe there is a significant opportunity to participate in the consolidation of a fragmented sector serving global clients. With SINWA we truly have found a hidden gem which offers a strong platform to drive future value creation."

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