ShawKwei-backed Liberty Energy (via Alliance) Acquires PEC Ltd

ShawKwei & Partners’ investment platform Liberty Energy Solutions, through Alliance Energy Services Pte Ltd, has acquired 100% of Singapore-headquartered PEC Ltd in a privatization transaction (deal reported around US$160–165 million). The acquisition, which will see PEC integrated with Liberty Energy’s CR3 and ZymeFlow businesses, completes the delisting of PEC from the Singapore Exchange and expands Liberty Energy’s global energy engineering and maintenance capabilities across oil & gas and petrochemical markets.