M&A Deal Summary

Sunningdale Tech Acquires First Engineering

On November 12, 2014, Sunningdale Tech acquired plastics company First Engineering from Anchorage Capital Partners

Acquisition Highlights
  • This is Sunningdale Tech’s 1st transaction in the Plastics sector.
  • This is Sunningdale Tech’s 1st transaction in Singapore.

M&A Deal Summary

Date 2014-11-12
Target First Engineering
Sector Plastics
Buyer(s) Sunningdale Tech
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition

Target

First Engineering

Singapore, Singapore
First Engineering manufacturer of ultra high-precision moulds and plastic componets for high technology engineering applications.

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Buyer(S) 1

Buyer

Sunningdale Tech

Singapore, Singapore

Category Company
Founded 1995
Sector Plastics
Revenue 476M SGD (2014)
DESCRIPTION

Sunningdale Tech is a manufacturer of precision plastic components. Sunningdale Tech provides one-stop, turnkey plastic solutions, with capabilities ranging from product & mold designs, mold fabrication, injection molding, complementary ?nishings, to the precision assembly of complete products. Sunningdale Tech was founded in 1995 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 5 of 15
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 7
Country: Singapore M&A 1 of 1
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Total Eden Pty

Airport West, Australia

Total Eden Pty Ltd. is a retailer of sustainable water solutions and has specialist capabilities in the design, construction and operation of end to end water systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Brand Collective

Alexandria, Australia

Brand Collective is an operator of footwear and apparel house of brands in Australia, with a portfolio of iconic owned and licensed brands. Brand Collective owns a number of iconic Australian brands including Volley, Grosby, and Julius Marlow, and has exclusive licenses for leading international brands including Superdry, Clarks, Hush Puppies, and Mossimo. The business sells through a combination of department stores and discount department store chains, as well as around 50 branded retail sites and several company-owned websites. Brand Collective also owns the Shoe Warehouse chain of discount footwear stores. Brand Collective is based in Alexandria, Australia.

Buy -