Goodpack Limited is principally engaged in the business of renting its patented, multi-modal, returnable metal box system, commonly known as Intermediate Bulk Container (IBC). IBC are used for the packaging, transporting and storage of cargoes. The Company is based in Singapore and through its global network, Goodpack provides a comprehensive range of supply chain services and technical support a well diversified global clientele base. Its major customers include tyre manufactures, Fast Moving Consumer Goods companies and chemical companies. The Company was listed on the Singapore Exchange in 2000.
DBS Value-Add
Investment Thesis
Provided financial advisory and Equity Capital Market services
Introduced strategic industry participants
Unique product operating in a niche but fast growing market
Experienced operator
Highly profitable and cash generative with a strong balance sheet
From terminal port facilities located in Shenzhen and Shanghai, Eastern Tankstore provides storage services for oil and petrochemicals. It also manufactures steel drums for transportation of such oil and chemicals from its production facilities in Singapore and China. Eastern Tankstore was previously a Singapore Exchange-listed company. We provided mezzanine financing to support a management buyout of the Company.
DBS Value-Add
Investment Thesis
Structuring of the MBO and mezzanine financing facility
Provided financial advisory services
The Company's steel drum production business is strong, profitable and operates in a stable oligopolistic-type market environment where competition is limited and pricing is under control
Its terminal storage business is very cashflow generative and has high barriers to entry
Strong blue-chip MNC clients like Shell, Dow Chemicals, BASF, Exxon-Mobile and Castrol
