M&A Deal Summary

DCP Capital Acquires MFS Technology

On February 1, 2018, private equity firm DCP Capital acquired semiconductors company MFS Technology from Navis Capital Partners and Novo Tellus Capital Partners

Acquisition Highlights
  • This is DCP Capital’s 1st transaction in the Semiconductors sector.
  • This is DCP Capital’s 1st transaction in Singapore.
Investment Fate
  • MFS Technology was sold to a publicly-traded strategic buyer in 2023.

M&A Deal Summary

Date 2018-02-01
Target MFS Technology
Sector Semiconductors
Buyer(s) DCP Capital
Sellers(s) Navis Capital Partners
Novo Tellus Capital Partners
Deal Type Secondary Buyout

Target

MFS Technology

Singapore, Singapore
MFS Technology is a printed circuit board solutions provider with a strategic focus on end industries such as medical, data storage, automotive and industrial control. MFS Technology was founded in 1989 and is based in Singapore.

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Buyer(S) 1

DESCRIPTION

DCP is a private equity firm focused on long-term partnerships with management teams in companies across Asia. The Firm seeks businesses with growth potential in a variety of industries including business services, consumer products, distribution, food, manufacturing, financial services, real estate, and staffing. DCP is headquartered in Beijing, China.


DEAL STATS #
Overall 3 of 15
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Singapore M&A 1 of 1
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-26 Gambol Pet

Liaocheng City, China

Gambol provides a wide range of pet food products including dry food, wet food, real meat jerky treats, rawhide chew, dental bone, etc. Gambol Pet was founded in 2006 and is based in Liaocheng City, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 Venus MedTech

Hangzhou, China

Venus MedTech is a medical device company that develops and commercializes artificial aortic valve products. Venus MedTech was founded in 2009 and is based in Hangzhou, China.

Buy -

Seller(S) 2

SELLER

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.


DEAL STATS #
Overall 27 of 41
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 10
Country: Singapore M&A 4 of 6
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 HG Power Transmission

Petaling Jaya, Malaysia

HG Power Transmission provides comprehensive solutions in the design, build, and construction of EHV transmission lines and substations on TURNKEY basis. HG Power Transmission provides complete design, engineering and project management services. HG Power Transmission was founded in 1988 and is based in Petaling Jaya, Malaysia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Dscaff

Kuala Lumpur, Malaysia

Dscaff porvides scaffolding supply and scaffolding contracting services. Dscaff was founded in 2012 and is based in Kuala Lumpur, Malaysia.

Buy -
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 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 MFS Technology

Singapore, Singapore

MFS Technology is a printed circuit board solutions provider with a strategic focus on end industries such as medical, data storage, automotive and industrial control. MFS Technology was founded in 1989 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 ISDN Holdings

Singapore, Singapore

ISDN Holdings provides motion control, industrial computing, and other specialized engineering solutions in Hong Kong, Malaysia, Indonesia, Vietnam, the People's Republic of China, and internationally. The company offers conceptualization, design, development, prototyping, production, testing, installation, and after-sales technical support services for motion control systems and design, engineering, production, integration, and services to manufacturing, advanced agriculture, renewable energy, and civil transportation industries. ISDN Holdings was founded in 1986 and is based in Singapore.

Buy -