Private equity firm ShawKwei & Partners is reviving a sale of precision manufacturer Beyonics Technology, according to people familiar with the matter.

The buyout firm started the sale process last year but put it on hold later, said the people, who asked not to be identified as the information is private. ShawKwei & Partners has recently resumed working with Morgan Stanley and has reached out to private equity firms and others in the technology sector to gauge their interest, the people said. Non-binding bids are expected to be submitted this summer, they added.

The company was looking to raise as much as US$300 million ($397.22 million) to $400 million in a disposal of Beyonics, Bloomberg News reported in November. The valuation of a deal could be higher as the precision manufacturer’s business has been doing better this year, one of the people said.

Deliberations are at an early stage and ShawKwei & Partners could decide to keep the business, the people said. Representatives for the buyout firm and Morgan Stanley declined to comment.

Singapore-based Beyonics, founded in 1981, pivoted away from making hard disk drive components in an overhaul focusing on higher margin businesses. It now develops advanced electronic and mechanical devices for health care, automotive and technology sectors, according to its website. While Singapore and Malaysia host the majority of its precision manufacturing capacity, it also has production sites in Thailand and China.

Beyonics, previously known as Uraco Precision Engineering, was listed on Singapore’s stock exchange in 1995. In 2012, ShawKwei & Partners took it private in a $127 million deal.

ShawKwei & Partners reviving sale of component maker Beyonics

STI’s downtrend to resume after rebound  

RHB keeps ‘buy’ on Prime US REIT with promising leasing momentum

Sarine gets an upgrade by DBS as growing trade revenues expect to lift margins

NTU and CSA launch a one-stop facility for cybersecurity evaluation and certification 

72% of organisations have had attacks on their backup repositories

Can automation help your company fight the Great Resignation?

Centurion acquires student accomodation in UK for $18 mil as market recovers

United Hampshire US REIT offers 'enticing' yield spread, UOB KH maintains 'buy'

China’s Stimulus Tops $5 Trillion as Covid Zero Batters Economy

Christian Selmoni of Vacheron Constantin gives us an insight into the success of the Maison

Tour de force: Star Wars events around the galaxy

See the latest from Hugo Boss, Bulgari and more

Hwa Hong to appoint independent reviewer to review internal processes 

It is easy to be right in the markets when the only way is up

This crypto winter will be long, cold and harsh

Grab narrows loss by 35% to US$435 million in 1QFY2022

SIA narrows losses significantly in FY2022 to $962.0 mil

China economy czar Liu He vows support for tech firms after crackdown

NetLink NBN Trust posts 1% increase in FY2022 DPU to 5.13 cents

Tech stocks are in a bear market, but they aren't cheap

In 1Q2022, Sembcorp Marine's cash flow, cash position and liquidity management improve as gearing drops 

Nio to begin trading on the SGX on May 20

RHB removes UOB, adds Venture Corp to its refreshed Singapore equity top picks

ShawKwei & Partners reviving sale of component maker Beyonics

Related Stories

Highlights

Grab narrows loss by 35% to US$435 million in 1QFY2022

Related Stories

ShawKwei & Partners seeks to raise as much as US$400 mil from Beyonics sale