KPMG in Malaysia, in collaboration with KPMG in Japan, acted as the exclusive financial advisor to Toyo Seikan Group Holdings, Ltd. (“Toyo Seikan”) on its acquisition of Premier Centre Group Sdn. Bhd. (“PCG”) from Advantage Partners Asia Fund, L.P. and affiliated entities for USD 75 million.
Together with our Japan team, the Corporate Finance team provided value-focused advisory support throughout the transaction, assisting Toyo Seikan in achieving a successful outcome. This engagement highlights KPMG’s cross-border M&A expertise and its ability to guide clients through strategic transactions in the Asia Pacific market.
Through PC Manufacturing Solutions Holdings Sdn. Bhd. (“PCMS”), AP Funds sold 100% of the equity in PCG to Toyo Seikan. The transaction was completed in August 2024 and publicly announced via Toyo Seikan’s TSE filing.
Founded in 1972, PCG has grown from a rigid plastic packaging company into a leading OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) provider of home care and personal care products in Malaysia, supplying both domestic and regional markets. Since AP Funds acquired a majority stake in 2018, PCG has upgraded its facilities, expanded capacity, improved efficiency, and developed its ODM business, enabling it to serve a growing customer base across Southeast Asia.
Toyo Seikan, established in 1917 and listed on the Tokyo Stock Exchange (TSE:5901), is one of Japan’s largest comprehensive packaging solution providers. The acquisition of PCG aligns with Toyo Seikan’s strategic plan to expand its filling and packaging capabilities in Southeast Asia, strengthening its presence and product offerings in the region.
KPMG in Malaysia’s team members involved in this engagement:
- Tham Kin-Son, Partner
- Chan Jia Jin, Manager
- Hew Hui Si, Assistant Manager
