Blackstone is considering a potential sale of the information and communications technology unit of Interplex, according to a report by Bloomberg.

Blackstone is working with a financial adviser to assess buyer interest from both private equity firms and strategic investors. A transaction could value the ICT business at more than $1bn, although discussions remain preliminary and no final decision has been taken.

Interplex was acquired by Blackstone in 2022 from Baring Private Equity Asia, which has since been absorbed into EQT. The Singapore-based group manufactures components used in electric vehicles, autonomous driving systems, medical and life sciences equipment, and cloud computing infrastructure.

The ICT unit provides products for networking enclosures, servers, disk drives, wearables, and mobile devices, according to the company’s website.

The potential sale reflects Blackstone’s broader strategy of selectively exiting carve-outs within diversified industrial platforms once scale and earnings visibility have been established. 

Blackstone declined to comment, while Interplex did not respond to a request for comment.

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