Shanghai Wanye Enterprises agreed completed the acquisition of Compart, headquartered in Singapore with primary operations in China and Malaysia, is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components for a range of industries, from Platinum Equity, a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm's operational expertise, for approximately $398m. "We have committed substantial financial and operational resources to our investment strategy in Asia and Compart's success further extends our track record of creating value in the region. We have a lot of experience transacting in Asia, with a dedicated team on the ground supported by our global network," Jacob Kotzubei, Platinum Equity Partner.