Platinum Equity Sells Compart Systems To Shanghai Wanye Enterprises
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LOS ANGELES, Dec. 22, 2020 /PRNewswire/ Platinum Equity announced today that it sold Compart Systems Pte Ltd. ( Compart or the Company ) to Shanghai Wanye Enterprises Co., Ltd. ( Wanye ) in a transactions valued at approximately $398 million.
Compart, headquartered in Singapore with primary operations in China and Malaysia, is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components for a range of industries.
Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm s operational expertise. The Compart investment was led by Platinum Equity s Singapore office.