Lombard Sells Stake in Auto Parts Business Realizing 3x Gain

SAN FRANCISCO, Sept. 2 /PRNewswire/ -- Lombard Investments announced today that it has sold a major portion of its stake in Somboon Advance Technology Pcl, one of Thailand's leading first-tier Original Equipment Manufacturing ("OEM") suppliers of auto parts.  Lombard invested in Somboon through its Thailand Equity Fund and realized a 3x return.  During Lombard's holding period, SAT grew its car and light truck parts business, expanding its production capabilities, and in response to the global economic crisis, successfully diversified into agricultural equipment parts.  The company's primary products are axle shafts, brake components and springs. Its sales for the first six months of 2010 were approximately $100 million.

About Lombard Investments:

Lombard is a leading international private equity investment manager with offices in San Francisco, Bangkok and Hong Kong, and extensive working relationships in Manila, Ho Chi Minh City, Shanghai and Taipei.  Formed in 1985, Lombard has made more than 90 early stage, minority growth and control investments in Asia and North America.  The firm's investors include some of the world's largest and most respected financial institutions, major pension funds and corporations, as well as family investment offices in Asia, Europe and North America. www.lombardinvestments.com)

SOURCE Lombard Investments

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED