Singapore-based private equity (PE) firm Saratoga Capital is exploring options to exit local portfolio company FRP Products, a corrosion protection specialist, an industry executive told DealStreetAsia.
Saratoga Capital holds a majority stake amounting to 86 per cent in FRP Products, which it acquired in 2011. Of that, around 80 per cent is owned by Saratoga Asia Fund II, while the remaining is held by Saratoga Asia Fund III. The management team of FRP Products is the other stakeholder in the company.
