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  5. Victory Giant Technology Acquires MFS Technology

M&A Deal Summary

Victory Giant Technology Acquires MFS Technology

On July 31, 2023, Victory Giant Technology acquired semiconductors company MFS Technology from DCP Capital

Acquisition Highlights
  • This is Victory Giant Technology’s 1st transaction in the Semiconductors sector.
  • This is Victory Giant Technology’s 1st transaction in Singapore.

M&A Deal Summary
Date 2023-07-31
Target MFS Technology
Sector Semiconductors
Buyer(s) Victory Giant Technology
Sellers(s) DCP Capital
Deal Type Add-on Acquisition
Advisor(s) BDA Partners (Financial)

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

Buyer

Victory Giant Technology

Huizhou, China
Category Company
Founded 2006
Sector Semiconductors
Employees13,804
Revenue 10.7B CNY (2024)
DESCRIPTION

Victory Giant Technology specializes in research and development, production, and sales of high-precision printed circuit boards. Its products are widely applied in the fields of computers, aerospace, automotive electronics, communications, consumer electronics, industrial control, and medical equipment, etc. Victory Giant Technology was founded in 2006 and is based in Huizhou, China.

DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

DCP Capital

Category Private Equity Firm
Size Small
Type Sector Agnostic
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 4 of 4
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Guangzhou, China

Jane Eyre yogurt is a mid-to-high-end yogurt brand in China. Jane Eyre Yogurt is based in Guangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Sun Art Retail Group

Shanghai, China

Sun Art Retail Group is a hypermarket operator and holding company for RT-Mart China and Auchan China. Sun Art Retail Group was founded in 1998 and is based in Wan Chai, China.

Buy $1.6B
Mergr

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