Shaw Kwei & Partners, an Asian private equity fund manager, has invested US$40 million into Gebr. Schmid (SCHMID Group) through a convertible bond. The group will use the new investment funds for expanding its business in Germany and China to meet rising customer orders.

The investment into SCHMID Group comes from Shaw Kwei & Partners' third fund raised in 2011. Since 1999, Shaw Kwei & Partners has invested across a variety of manufacturing and service businesses, providing assistance on business strategy, corporate governance, and financial planning.

Kyle Shaw led the buyout of Flextronics International in 1990 with two other Shaw Kwei & Partners executives. More recently in February 2012, Shaw Kwei & Partners led the US$115 million buyout of Beyonics Technology from the Singapore Stock Exchange. Beyonics is a manufacturer of printed circuit board assembly, plastic injection parts, aluminum casting and machining, and metal stamped components for automotive, industrial, and medical customers.

SCHMID Group designs and manufactures capital equipment as well as fully integrated lines and facilities for the production of printed circuit boards, photovoltaic products, flat panel displays, factory automation, medical and pharmaceutical related equipment, and energy storage systems. Founded 150 years ago, it has design and production facilities in Germany, China, Switzerland and the US with sales offices around the world.

Shaw Kwei & Partners is an Asian private equity fund manager with offices in Hong Kong and Singapore.