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Platinum Equity weighing sale of electronics maker PCI

Bloomberg
Bloomberg3/11/2021 3:44 PM GMT+08  • 2 min read
Platinum Equity weighing sale of electronics maker PCI
A deal could value the manufacturing services provider at about US$400 mil ($538.58 mil), according to sources.
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Platinum Equity, a buyout firm founded by American businessman Tom Gores, is weighing exiting its investment in Singapore electronics manufacturing services provider PCI, according to people with knowledge of the matter.

The private equity firm is working with financial advisers to gauge interest from potential buyers, said the people, who asked not to be named as the information is private. A deal could value the manufacturing services provider at about US$400 million ($538.58 million), the people said.

Deliberations are at an early stage and Platinum Equity could decide not to proceed with the sale, the people said. A representative for Platinum Equity declined to comment. A representative for PCI did not respond to requests for comment.

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