M&A Deal Summary

Novo Tellus Capital Partners Acquires Tessolve

On April 23, 2021, private equity firm Novo Tellus Capital Partners acquired semiconductors company Tessolve from Hero Electronix

Acquisition Highlights
  • This is Novo Tellus Capital Partners’ 4th transaction in the Semiconductors sector.
  • This is Novo Tellus Capital Partners’ 1st transaction in India.

M&A Deal Summary

Date 2021-04-23
Target Tessolve
Sector Semiconductors
Buyer(s) Novo Tellus Capital Partners
Sellers(s) Hero Electronix
Deal Type Divestiture

Target

Tessolve

Bengaluru, India
website
Tessolve is a semiconductor engineering solution provider. Tessolve offers end-to-end product design services in the embedded domain from concept-to-manufacturing under an ODM model with experience in IoT & multimedia products for the Avionics, Automotive, Industrial and Medical segments. Tessolve was founded in 2004 and is based in Bengaluru, India.

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Buyer(S) 1

DESCRIPTION

Novo Tellus Capital Partners is a private equity firm focused on control buyouts and growth capital financings of lower middle-market companies throughout Southeast Asia. Target sectors include industrials, technology, healthcare, consumer and business services. Novo Tellus Capital Partners was established in 2010 and is headquartered in Singapore.


DEAL STATS #
Overall 8 of 9
Sector (Semiconductors) 4 of 4
Type (Divestiture) 2 of 2
Country (India) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Grand Venture Technology

Singapore, Singapore

Grand Venture Technology is a manufacturing solution and service provider for semiconductor, analytical life sciences, electronics, and other industries. Grand Venture Technology offers a range of engineering, assembly, testing, and project lifecycle management services for the manufacture of complex precision machining and sheet metal components and modules. Grand Venture Technology was founded in 2012 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 SP Manufacturing

Singapore, Singapore

SP Manufacturing delivers electronics manufacturing, engineering and design services for mission-critical industries and processes specializing in manufacturing high quality cable harnesses, printed circuit board assemblies and box-build products. SP Manufacturing was founded in 2012 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

Hero Electronix

New Delhi, India

website


Category Company
Founded 2015
Sector Electronics
DESCRIPTION

Hero Electronix reflects the Hero Group Legacy through their vision and operations. Through strategic investments and partnerships in the digital and electronics space, Hero Electronix aims to spearhead India towards the Digital India Initiative. Hero Electronix was founded in 2015 and is based in New Delhi, India.


DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Tessolve

Bengaluru, India

Tessolve is a semiconductor engineering solution provider. Tessolve offers end-to-end product design services in the embedded domain from concept-to-manufacturing under an ODM model with experience in IoT & multimedia products for the Avionics, Automotive, Industrial and Medical segments. Tessolve was founded in 2004 and is based in Bengaluru, India.

Buy -