SembCorp gets MBO ball rolling

Singapore conglomerate SembCorp Industries announces its first divestment through an MBO, backed by Crosby.
June 20, 2003

There are many sectors of Asia's financial markets that have failed to live up to their potential and the Singapore management buy out (MBO) market is a perfect example. However a deal announced last week by SembCorp Industries shows that these deals can happen with willing buyers, sellers and private equity backers.

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