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M&A Deal Summary

Affinity Equity Partners Acquires UTAC

On June 26, 2007, private equity firm Affinity Equity Partners acquired semiconductors company UTAC

Acquisition Highlights
  • This is Affinity Equity Partners’ 1st transaction in the Semiconductors sector.
  • This is Affinity Equity Partners’ 3rd transaction in Singapore.

M&A Deal Summary
Date 2007-06-26
Target UTAC
Sector Semiconductors
Buyer(s) Affinity Equity Partners
Deal Type Going Private
Advisor(s) Rajah & Tann Asia (Legal)

Target

UTAC

Singapore, Singapore
UTAC is a provider of test and assembly services for a wide range of semiconductor devices that includes memory, mixed signal/RF and logic integrated circuits. UTAC was formed in 1997 and is based in Singapore.

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Buyer(S) 1

Buyer

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.

DEAL STATS #
Overall 9 of 46
Sector: Semiconductors M&A 1 of 1
Type: Going Private M&A Deals 1 of 2
Country: Singapore M&A 3 of 4
Year: 2007 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Jaya Holdings

Singapore

The Jaya Group traces its origins to 1981 when three young friends came together to form a single-vessel owning company. From then, and through the eighties, Jaya grew to own and operate a fleet of tugs and barges, plying regionally. The Group was listed on the Singapore Stock Exchange in 1992. Thereafter, it forayed into ownership and chartering of conventional and container vessels, before taking a strategic decision to focus on the Offshore Energy domain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Korea Digital Satellite Broadcasting Co.

Seoul, South Korea

Korean digital satellite paid-TV broadcaster with over 2 million subscribers.

Buy -
Mergr

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