Baird Capital Partners Asia, the Greater China-focused investment arm of Baird Private Equity, has invested in Boston Plastics, a plastic injection moulding company based in Singapore with manufacturing facilities in China.
Financial terms of the deal and the size of the stake were not disclosed.
Boston Plastics makes products for the automotive, consumer electronics, imaging and industrial markets, serving an international customer base that is seeking to tap into the growing demands of the Chinese consumer, Baird said in a statement.
“We are excited about the partnership with Boston Plastics,” Baird Capital Partners Asia partner Huaming Gu said in the statement.
“Our global experience and relationship network in the plastic injection mould industry are nice complements to the strong leadership skills of the Boston Plastics team.”
Huaming Gu will join the Boston Plastics board of directors as part of the deal.
Baird launched its China-based investment team, Baird Capital Partners Asia, in 2008.
The team operates from offices in Beijing, Shanghai and Hong Kong and focuses on growth equity deals in Greater China, in sectors such as business services, manufactured products and healthcare.
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