M&A Deal Summary

The Blackstone Group Acquires Interplex

On January 19, 2022, private equity firm The Blackstone Group acquired electrical equipment company Interplex from EQT Private Capital Asia

Acquisition Highlights
  • This is The Blackstone Group’s 4th transaction in the Electrical Equipment sector.
  • This is The Blackstone Group’s 2nd transaction in Singapore.

M&A Deal Summary

Date 2022-01-19
Target Interplex
Sector Electrical Equipment
Buyer(s) The Blackstone Group
Sellers(s) EQT Private Capital Asia
Deal Type Secondary Buyout

Target

Interplex

Singapore, Singapore
Interplex is a precision engineering company offering end-to-end solutions in advanced application development and manufacturing solutions for complex precision mechanical and electro-mechanical components and assemblies. Interplex was founded in 1958 and is based in Singapore.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 305 of 362
Sector: Electrical Equipment M&A 4 of 6
Type: Secondary Buyout M&A Deals 68 of 90
Country: Singapore M&A 2 of 2
Year: 2022 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Phoenix Tower International

Boca Raton, Florida, United States

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 ASK Group

Mumbai, India

ASK Group is an equity portfolio management service provider, a real estate investment manager, and one of the country’s top wealth managers. ASK Group was founded in 1983 and is based in Mumbai, Maharashtra.

Buy -

Seller(S) 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 22 of 32
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 9
Country: Singapore M&A 2 of 2
Year: 2022 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 CMS Info Systems

Mumbai, India

CMS Info Systems provides IT & outsourced business services across India. The company offers a wide bouquet of services across the value chain, focusing on retail banks, insurance, telecom, retail, PSU and Government segments. CMS Info Systems was founded in 2008 and is based in Mumbai, Maharashtra.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-21 IGT Solutions

Gurugram, India

IGT Solutions is a next-gen customer experience (CX) company, defining and delivering transformative experiences for the global and most innovative brands using digital technologies. IGT Solutions is based in Gurugram, Haryana.

Buy -