JEDDAH, Saudi Arabia, August 30, 2016 /PRNewswire/ --
SEDCO Capital, a leading asset manager, has announced today that it has successfully completed the acquisition of a strategic minority stake in Nedec Co., Ltd.
Established in 1985 and headquartered in South Korea, Nedec is one of the largest manufacturers of die-casting and machining products for storage devices, automobile components and precision motors. It operates manufacturing facilities in Korea and has operations in China, Philippines, Vietnam, Thailand, Mexico and the U.S.
Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital, said: "We are delighted to be partnering with one of the leading manufacturers of die-casting internationally. This transaction is in-line with our strategy to grow our assets under management regionally and globally while seeking new acquisition opportunities to create valuable partnerships and high return on investments."
"We are pursuing investments in sectors where our team has built a solid track record and believe this acquisition will create value for our investors and shareholders and enhance our ability to generate returns," he added.
SEDCO Capital's global network allows them to find and invest in unique companies across sectors and geographies. SEDCO Capital's strategy has always been to partner with high caliber management teams in growth companies that generate persistent returns for their investors
Notes to Editors:
About SEDCO Capital
SEDCO Capital is a leading asset manager offering investment solutions in a wide scope of geographies and diverse range of asset classes. Having established a strong track record of advisory services and investment management, SEDCO Capital currently manages assets in a diversified spectrum of investments in real estate, equities and other businesses with a total AUM of about 5.1 Billion Dollars SEDCO Capital employs highly-efficient investment professionals throughout the world. The company follows the highest standards of corporate governance rules and practices including the use of advanced information technology systems. SEDCO Capital is also the first Saudi asset manager and the first fully sharia compliant asset manager to be a signatory of the United Nations Principles of Responsible Investing (UNPRI). Through its successful track record, SEDCO is committed to offering innovative Islamic-compliant investment products and today has the largest sharia compliant investment fund platform in Luxembourg through its SEDCO Capital Global Funds platform.
Find out more at http://www.sedcocapital.com
SOURCE SEDCO Capital