A group of shareholders is nearing an agreement to take Yinson Holdings Bhd
private, according to people with knowledge of the matter, in a deal that could value the Malaysian energy infrastructure company at about RM8bil.
The Lim family, which established Yinson in the 1980s and is its biggest shareholder, plans to team up in a joint bid with infrastructure-focused investment firm Stonepeak Partners and some local pension funds that are already shareholders in Yinson, the people said.
Talks are advanced and a deal may be announced as soon as the next couple of weeks, the people said, asking not to be identified because the process is private.
The group aims to buy out the Kuala Lumpur-listed firm via a scheme of arrangement, also known as a court-approved agreement, as that improves the chances of a deal going through, they said.
Deliberations are ongoing and there’s no certainty that the parties will proceed with a buyout, the people said.
Representatives for the Lim family and Stonepeak declined to comment. Yinson didn’t respond to requests seeking comment.
Bloomberg News reported in June that New York-based Stonepeak was teaming up with the Lim family for a buyout of Yinson.
The Lim family owned 27.7% of Yinson as of the end of February, according to the company’s website.
The Employees Provident Fund and Kumpulan Wang Persaraan (Diperbadankan), hold 17.1% and 7%, respectively.
Yinson started out as a transport and logistics firm and has since diversified into energy infrastructure, renewables and technology. - Bloomberg
