Gaylin Holdings Ltd. Funding, Investors & Competitors

Gaylin Holdings Ltd. has raised $150M across 2 funding rounds, most recently a $100M undisclosed-stage round in March 2018.

Last Gaylin Holdings Ltd. funding round

$100M

Undisclosed stage · Mar 2018

Cumulative funding Gaylin Holdings Ltd. raised

$150M

across 2 funding rounds

Key investors in Gaylin Holdings Ltd.

  • Shaw Kwei & Partners

Gaylin Holdings Ltd. Overview

About Gaylin Holdings Ltd.

Gaylin Holdings Ltd. is a Singapore-headquartered supplier of rigging, lifting, and materials handling equipment to the oil and gas sector. Listed on the Singapore Exchange since 2014, the company operates through segments including Rigging & Lifting and Ship Chandling. It serves major operators like Shell and ExxonMobil from facilities in Singapore, Malaysia, Thailand, and Australia. Gaylin stocks over 20,000 product lines such as wire ropes, slings, and cranes, with annual revenue surpassing SGD 100 million. The firm maintains DNV and ABS certifications for offshore safety compliance.


Founded

1974

HQ

SingaporeSingapore

Website

gaylin.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Gaylin Holdings Ltd. Funding History

Gaylin Holdings Ltd. has raised a total of $150M across 2 funding rounds.

Gaylin Holdings Ltd.'s first fundraising round was a $50M undisclosed-stage round in October 2017. The most recent completed round was a $100M undisclosed-stage round in March 2018.

Gaylin Holdings Ltd. funding rounds

Gaylin Holdings Ltd. funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2018Undisclosed stageShaw Kwei & Partners (lead)$100MGaylin Holdings Ltd. is a Singapore-listed company founded in 1974, providing rigging and lifting solutions for the offshore oil & gas and marine sectors, with operations across Asia, the Middle East, and Europe, including key ports in Singapore, Aberdeen, and Dubai. On March 13, 2018, it received a SGD68 million equity investment from PeakBayou Limited, managed by ShawKwei & Partners, acquiring a 76% controlling stake (equivalent to USD52 million). This was paired with a debt restructuring extending bank debt maturities (totaling around SGD64 million or USD48 million), resulting in post-restructuring cash over S$70 million, bank debt under S$70 million, and net cash of S$0.7 million as of March 31, 2018. Post-investment, Gaylin's net asset value stood at S$160 million. For FY2017 (ended likely December 2017), the company reported revenue of SGD79.658 million, down 15.2% year-over-year, with Q1 FY2018 revenue at SGD67.585 million (down 15.2%). Gross profit margins were pressured by provisions for slow-moving inventory (SGD35.5 million in 4Q FY2018), but excluding provisions, margins improved to 15.9% for FY2018 from 12.8% prior. Total assets rose to SGD182.4 million by March 31, 2018, from SGD123.3 million prior. ShawKwei & Partners, focusing on mid-market control investments, viewed this as their first oil & gas sector deal from Fund IV, expecting returns within five years and loan repayment in three. Leadership changes followed, with Perry Kennedy as CEO in April 2018 and James Parsons as Global Managing Director in March 2018, focusing on cost cuts, redundancies, and growth strategies. Later in 2018, Gaylin pursued acquiring Amos International Holdings Pte. Ltd. from ShawKwei entities for around SGD43-48 million in shares, with Amos reporting SGD56.3 million revenue and SGD1.3 million EBITDA for 2017.
Oct 2017Undisclosed stageShaw Kwei & Partners (lead)$50MGaylin Holdings Limited is a Singapore-listed multidisciplinary offshore and marine services provider founded in 1974, specializing in rigging, lifting, and ship chandling solutions for the oil and gas industry, with operations across Asia, the Middle East, and Europe. The company faced challenges from a weak oil and gas market, reporting declining revenues and widening losses in late 2017. On March 13, 2018, Gaylin completed a S$68 million equity investment from PeakBayou Limited, managed by ShawKwei & Partners (via ShawKwei Asia Value Fund 2017, L.P.), involving the issuance of 1.36 billion new shares at S$0.05 each, giving ShawKwei a 76% stake; this was paired with a US$48 million debt restructuring with banks including UOB, OCBC, CIMB, and RHB. For FY2018 (ended March 31, 2018), Gaylin reported revenue of S$67.6 million (down 16% from S$79.7 million in FY2017), gross profit of S$11.2 million, and operating profit EBITDA of negative S$1.6 million (ex-inventory provision and non-recurring expenses). Q3 FY2018 (ended Dec 31, 2017) revenue was S$14.6 million, down 23.6% year-over-year, with a S$2.6 million loss. Post-investment, Gaylin aimed to enhance stability, cut costs, and pursue growth including the acquisition of Amos International Holdings Pte. Ltd. from ShawKwei for an initial SGD 43.2 million (finalized at SGD 47.9 million via shares), completed October 2018. Amos had FY2017 (ended Dec 31, 2017) revenues of SGD 56.3 million, EBITDA of SGD 1.3 million, total assets SGD 53.5 million, and net assets SGD 28 million. Kyle Shaw became executive chairman, emphasizing sales growth and acquisitions.

Who has invested in Gaylin Holdings Ltd.?

1 investor has backed Gaylin Holdings Ltd. across its funding rounds, including Shaw Kwei & Partners.

Lead investors include Shaw Kwei & Partners.


Gaylin Holdings Ltd. Investors

Investors in Gaylin Holdings Ltd. by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Gaylin Holdings Ltd.

Gaylin Holdings Ltd. has acquired 1 company to date.

Last acquisition by Gaylin Holdings Ltd. was on March 26th 2018. Gaylin Holdings Ltd. acquired Amos International (S) Pte Ltd for $36M.


Latest Acquisitions by Gaylin Holdings Ltd.

Amos International (S) Pte Ltd
Description
Amos International (S) Pte Ltd is a Singapore-headquartered marine services provider delivering integrated solutions to operators of commercial vessels, offshore support vessels, and oil and gas rigs across the Asia Pacific region. The company specializes in global procurement and logistics, ship repair and engineering maintenance, bonded warehousing, and full-scale contract catering with crew management. Established in 1991, Amos International operates from strategic locations in Singapore, Indonesia, Australia, and Papua New Guinea, supporting clients such as major shipping companies and energy firms with 24/7 supply chain services tailored for harsh marine environments.
HQ CountrySingapore
HQ City
Singapore
Deal Date26 Mar 2018
Valuation$36M
EV/Revenue
EV/EBITDA

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Gaylin Holdings Ltd. Competitors

Gaylin Holdings Ltd. competitors include listed companies like Aramco, ExxonMobil, Chevron and Caterpillar, and private ones like Samson Maritime and Groot Systems.

Public and private companies comparable to Gaylin Holdings Ltd.
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Samson MaritimeIndiaMumbaiPrivate--$86M-
AramcoSaudi ArabiaSaudi ArabiaPublicly listed$446B$213B$1.6T3.7x
ExxonMobilUnited StatesUnited StatesPublicly listed$324B$68B$671B1.8x
ChevronUnited StatesUnited StatesPublicly listed$184B$41B$415B2.0x
CaterpillarUnited StatesUnited StatesPublicly listed$68B$14B$367B5.3x
Groot SystemsNamibiaWindhoekPrivate--$30B-

Gaylin Holdings Ltd. Public Comps

Gaylin Holdings Ltd. is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, Caterpillar, Applied Materials, PetroChina, Shell, Siemens, TotalEnergies and Deere.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
Caterpillar$68B$14B6.0x5.3x28.3x24.5x
Applied Materials$28B$8.7B11.6x9.8x37.8x28.7x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
Siemens$91B$15B3.0x2.9x18.1x15.7x

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Common questions about Gaylin Holdings Ltd.

When was Gaylin Holdings Ltd. founded?Gaylin Holdings Ltd. was founded in 1974.
Where is Gaylin Holdings Ltd. headquartered?Gaylin Holdings Ltd. is headquartered in Singapore, Singapore.
Is Gaylin Holdings Ltd. publicly listed?No, Gaylin Holdings Ltd. is a private, VC-backed company.
How much funding has Gaylin Holdings Ltd. raised?Gaylin Holdings Ltd. has raised $150M across 2 funding rounds.
What was Gaylin Holdings Ltd.'s last funding round?Gaylin Holdings Ltd.'s last funding round was a $100M undisclosed-stage round in March 2018, led by Shaw Kwei & Partners.
Who are Gaylin Holdings Ltd.'s investors?Gaylin Holdings Ltd.'s investors include Shaw Kwei & Partners.
Which companies are comparable to Gaylin Holdings Ltd.?Companies comparable to Gaylin Holdings Ltd. include Samson Maritime, Aramco, ExxonMobil, Chevron, Caterpillar and Groot Systems.
How many companies has Gaylin Holdings Ltd. acquired?Gaylin Holdings Ltd. has acquired 1 company, including Amos International (S) Pte Ltd.
What was the largest acquisition by Gaylin Holdings Ltd.?The $36M acquisition of Amos International (S) Pte Ltd in March 2018 is the largest acquisition Gaylin Holdings Ltd. has made to date.

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