Platinum Equity, a Los Angeles-based global private equity firm, agreed to sell PCI Limited, an electronics manufacturing services provider based in Singapore, to Celestica for $306m in cash.
The sale is expected to close in mid-fourth quarter of 2021.
PCI is a fully integrated design, engineering and manufacturing solutions provider with six manufacturing and design facilities across Asia. The business serves diverse end-markets, including the automotive, industrial equipment, commercial, consumer/lifestyle, and medical segments.
Free Webinar: The Primary Step in Creating Value: How the Right Corporate Governance Can Drive Growth
- To what extend can the relationship between the GP and board impact the company?
- How can GPs ensure trickle down change in organisations?
- How can technology help bridge the gap between GPs and management boards?
Platinum Equity acquired PCI in April 2019 in a public-to-private transaction. The PCI investment was led by Platinum Equity’s Singapore office.
Source: Nasdaq
Can’t stop reading? Read more
Waterland weighs €1bn-plus sale of AI consultancy Xebia
Waterland weighs €1bn-plus sale of AI consultancy Xebia Waterland Private Equity is exploring a...
Pinegrove raises $2.2bn to capitalise on venture secondaries boom
Pinegrove raises $2.2bn to capitalise on venture secondaries boom Pinegrove Opportunity Partners...
Oaktree, Anchorage step into $1.1bn First Brands DIP loan
Oaktree, Anchorage step into $1.1bn First Brands DIP loan Oaktree Capital Management and Anchorage...