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Pelikan in talks with Texas Pacific Group

Original Author: 
Karen Yap in Kuala Lumpur, Kasper Viio in London and Divya Balji in Toronto
Type: 
Published News
Date of Publication: 
06/20/2008

This article in the FINANCIAL TIMES claims Pelikan may be taken private in cooperation with a Private Equity group and that it is also in discussions with mutliple prominent acquisition candidates including Faber-Castell, Montblanc and an unnamed Canadian company (i.e.Mega Brands) to bid on i's unnamed Stationary Division (i.e. it's RoseArt stationary products division). It seems highly unlikely that Faber-Castell family would sell to Pelikan.

"Pelikan, a Malaysia-based stationery company, may be taken private by private equity firm Texas Pacific Group (TPG), said senior vice president of corporate planning Ng Cheong Seng." Read on here