The private equity investor sees value in the China-focused aircraft parts distributor as the Middle Kingdom increasingly becomes the engine of growth for the industry. The US-China trade war has not as yet dented sales, helped by gradually maturing fleets.
The private equity firm’s Alex Emery sees Grobest as an increasingly valuable link in the food value chain at a time when pressure is mounting on farmers to use less antibiotics in acquaculture.
The private equity firm plans to expand the diagnostic imaging services firm in Australia and overseas after beating Chinese bidders by offering funding certainty and global expertise.
The private equity firm is looking to grow this cash-generative business via acquisitions, justifying the steep valuation it paid to fend off Vistra and Link.
Alan Chen jumps ship from Goldman Sachs to Permira to head the China business, while Christian Paul joins the European buyout fund as portfolio director.