DCP Capital weighing sale of US$800 million electronics firm MFS

Bloomberg
Bloomberg5/16/2022 09:30 PM GMT+08  • 1 min read
DCP Capital weighing sale of US$800 million electronics firm MFS
Brian Wangenheim on Unsplash
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DCP Capital is considering selling its controlling stake in MFS Technology (S) Pte, a Singapore-based flexible printed circuit maker, according to people familiar with the matter.

The private equity firm is working with advisers to gauge interest from financial investors and other companies in the industry, the people said, asking not to be identified discussing a private matter. DCP could seek a valuation for the entire company of about US$700 million to US$800 million in a deal for the stake, they said.

Deliberations are preliminary and the owner could decide against a sale, the people said. A representative for DCP Capital declined to comment, while MFS Technology didn’t immediately respond to requests for comment on a public holiday in Singapore.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.