Platinum Equity Acquires Chinese Manufacturer Ying Shing

Los Angeles-headquartered Platinum Equity has acquired Chinese manufacturer Ying Shing Enterprises Limited, in the private equity firm's first acquisition in Asia, according to a company announcement.

Platinum acquired its stake from the Ying Shing's founder and president, Chen Jianying, who will retain a minority stake and stay on to lead the business.

"This is an important milestone for our firm and a natural step in the growth of our business," says Platinum Equity chairman and CEO, Tom Gores.

Platinum Equity will begin immediately working with Chen and Ying Shing’s executive team to support the company’s growth.