Clifford Chance advises Doedijns International on acquisition of Singapore's Wilmax Control Systems
11 January 2012
Clifford Chance advises Doedijns International on acquisition of Singapore's Wilmax Control Systems
Leading international law firm Clifford Chance has advised Doedijns International BV (Doedijns) on its "bolt-on" acquisition of Singapore-based Wilmax Control Systems Ltd (Wilmax), a provider of control automation and process packages for the oil and gas and petrochemical industries, with facilities in Singapore, Indonesia and Dubai, supporting the South East Asia and Middle East markets.
Doedijns is an engineering specialist firm providing solutions in the area of hydraulics, instrumentation, pneumatics and control systems. Its main focus is on the energy and petrochemical, maritime and dredging and high-end machine building industries. In 2011, European private equity firm IK Investment Partners acquired a majority stake in Doedijns, on which Clifford Chance also advised.
"We're delighted to have worked with Doedijns and IK Investment Partners on this strategic acquisition for Doedijns," said Corporate partner Jeroen Thijssen who led the Amsterdam team on this transaction and advised IK Investment Partners on the acquisition of Doedijns in August 2011. "Our teams in Singapore and the Netherlands were able to work seamlessly across the continents with our client to assist in closing this deal."
Lee Taylor, Corporate partner who led the Singapore team added: "We're continuing to see increased investment in the oil and gas and petrochemical industries sector in the region, especially in Indonesia. Acquisitions of companies that feed into these industries are a good complementary investment strategy that should benefit from this growth."
Lee was supported by counsel Valerie Kong and assisted by associates Sylvia Taslim and Si Wei Chua on the corporate aspects of the transaction. Finance partner Andrew Gambarini was assisted by associates Benjamin Toh and May Kim Ho on the financing aspects of the transaction in Singapore. The Amsterdam team was led by Jeroen Thijssen, supported by Finance partner Jelle Hofland and assisted by associates Maxine Okkerse and Hein Tonnaer.