Weichai Power is the leading heavy duty diesel engine manufacturer in China, listed on both the Shenzhen Stock Exchange (000338 CH) and the Hong Kong Stock Exchange (2338 HK). Peterson was given the opportunity to invest in the company when it underwent restructuring in preparation for its initial public offering, and became the second largest shareholder at the time of investment, with board representation. Weichai continued to grow after the initial public offering, which has allowed Peterson to recoup its investment from dividend income and partial exits over the years. Peterson continues to maintain a position in the company.
Weichai Power Limited
Pre-IPO direct investment, minority position
Heavy duty diesel engines, China