Logo

PSP Announces THB 500 Million Equity Transaction with CPFam-LDA Asia Growth Fund Through Share Purchase Agreement

Category: General News
Posted Jun 5, 2024 15:49 (GMT +7)

BANGKOK--(BUSINESS WIRE)--Jun. 04, 2024

P.S.P. Specialties Public Company Limited (“PSP”) (SET:PSP) has announced that one of its shareholders has signed a Share Purchase Agreement with CPFam-LDA Asia Growth Fund (the “Fund”) for up to THB 500 million.

In August 2023, LDA and the Jiaravanon family—who draw their wealth from the Charoen Pokphand Group—launched The CPFam-LDA Asia Growth Fund to invest in publicly listed and pre-IPO high-growth companies across Southeast Asia. The synergy between LDA’s cross-border expertise and CP Group’s deep regional connections is expected to drive significant advancements in sectors such as technology, agriculture, and energy, which are pivotal for sustainable growth.

PSP plays a crucial role in the lubricant and specialty products industry, sectors that are essential for the functioning of a wide range of industrial activities and automotive services in Southeast Asia. This collaboration between PSP and CPFam-LDA Asia Growth Fund not only bolsters its capacity for innovation and expansion but also reinforces the infrastructure supporting Thailand's critical industrial sectors.

“The transaction with PSP marks a significant milestone for the Fund," stated Anthony Romano, Fund Director. "It underscores our commitment to the region and exemplifies the strategic capabilities we aim to enhance through our partnership. PSP represents the type of high-potential company we seek to support — crucial to its industry and poised for substantial growth and development.”

For more information about this news, please visit https://shorturl.at/LSYJO

About PSP

PSP is the leading lubricant solutions provider of automotive and industrial lubricant and specialty products including grease, rubber process oil and transformer oil. The company is an independent manufacturer that has the highest production capacity in Thailand and holds the largest market share in various products.

About CP Group

Charoen Pokphand Group (“CP Group”) is one of Asia's largest diversified holding companies with over $82 billion in revenue, $25 billion in assets, and 450,000 employees across 21 countries. The Jiaravanon family, who draw their wealth from the CP Group is one of Asia's wealthiest families.

About LDA Capital

LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. The team has collectively executed over 300 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over USD $11 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530186704/en/

Contact:

P.S.P. Specialties Public Company Limited
Chotdhanin Temsiripong
Investor Relations
chotdhanin@psp.co.th

Distribute your news release with us

  • Print

    unique advertising solution

    Our media lists include news desks at all leading Thai and English-language dailies.

  • Radio & TV

    reliable platform

    We deliver your news to leading Thai radio stations and TV channels.

  • Internet Sites

    cloud computing

    All releases are submitted to Internet news sites, including several with guaranteed pickup.

Our Self-Serve News Release Couldn't Be Simpler

Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.

Do NOT follow this link or you will be banned from the site!