TRANSACTIONS

ADVISER TO AMIANTIT AND TWO OTHER CORPORATIONS

Grand Avenue Capital advised on the sale of privately held stock in Chongqing Polycomp International (CPIC) held by Amiantit, a public company in Saudi Arabia, and two other privately held US corporations.

 

The core businesses of  Saudi Arabian Amiantit Company are:

 

  • Manufacture and sale of pipe systems

  • Ownership and sale of pipe technologies

  • Water management consultancy and engineering services 

  • Manufacture and supply of polymer products 

 

Amiantit markets a wider range of pipe products than any other pipe manufacturer and provides a total solution to customers' fluid transfer needs. The Group serves municipal, civil engineering, industrial, energy, and agricultural markets worldwide, supporting global infrastructure development. 

 

The Group comprises 30 pipe system manufacturing plants, 6 technology companies, 4 material suppliers, and 8 supply and engineering subsidiaries, in a number of countries around the globe. In addition, an extensive sales and service network caters to the needs of customers in more than 70 countries around the world.  

 

Amiantit is headquartered in the Kingdom of Saudi Arabia, where its shares are listed on the Saudi Stock Exchange. https://www.amiantit.com/en/

 

The two other privately held US corporations have held shares in CPIC and have long provided counsel to CPIC on fiberglass technology and worldwide marketing. Grand Avenue Capital was invited to bid for this assignment at the opening of the new Amiantit Morocco plant. 

Grand Avenue was engaged by Amiantit and the two US corporations. Grand Avenue conducted a worldwide search for acquirers of the shares held in CPIC. Several international private equity groups bid on the shares which were ultimately sold to Yuntianhua Group of Kunming, China. 

About Grand Avenue Capital  Investment Bankers

 

Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance  and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution.  Grand Avenue Capital becomes a trusted adviser to its clients. 

 

Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance,   an exclusive global alliance of M&A advisory firms.

 

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