M&A Deal Summary

Platinum Equity Acquires PCI

On January 7, 2019, private equity firm Platinum Equity acquired manufacturer PCI

Acquisition Highlights
  • This is Platinum Equity’s 5th transaction in the Manufacturing sector.
  • This is Platinum Equity’s 2nd transaction in Singapore.
Investment Fate
  • PCI was sold to a publicly-traded strategic buyer in 2021 for 306M USD.

M&A Deal Summary

Date 2019-01-07
Target PCI
Sector Manufacturing
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

PCI

Singapore, Singapore
PCI is an electronics manufacturing services provider, offering design, manufacturing, testing, and supply chain services to global customers. The business acts as an EMS provider for diverse end markets, including automotive, industrial equipment, commercial, consumer/lifestyle, and medical. PCI was founded in 1972 and is based in Singapore.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 98 of 156
Sector: Manufacturing M&A 5 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 25
Country: Singapore M&A 2 of 2
Year: 2019 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Grupo Terratest

Madrid, Spain

Grupo Terratest is a specialized international contractor providing foundation work, ground improvement, and micro-tunneling services for large-scale infrastructure projects and industrial, commercial and residential construction. Grupo Terratest was founded in 1959 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Orbit

Bountiful, Utah, United States

Orbit is a provider of residential watering solutions whose mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products. Orbit is based in Bountiful, Utah.

Buy -