DC Advisory advises Advantage Partners on the sale of its shares in FICT to a Consortium

Background

• Advantage Partners invested in FICT in 2020, supporting a wide range of value enhancement initiatives, including the establishment of standalone operations following the carve-out from Fujitsu
• FICT Limited (FICT) is a leading designer and manufacturer of high-end printed circuit boards (PCBs) and substrates
• The Consortium consists of a fund provided with services by MBK Partners (MBKP) and US company FormFactor Inc (FormFactor)
  • Established in 2005, MBKP is one of the largest independent private equity funds in Asia, with AUM of $31.5 bn
  • FormFactor is a leading provider of essential test and measurement technologies, serving a network of facilities in Asia, Europe, and North America

Process

• DC Advisory acted as financial advisor to Advantage Partners in the sale of its holdings in FICT to a Consortium managed by MBKP and FormFactor

Outcome

• Advantage Partners and the Consortium have entered into a share purchase agreement
• All regulatory and third-party approvals and conditions have been satisfied. The transaction is expected to close shortly
• The transaction amount was not disclosed
• The sale aims to leverage the expertise of the Consortium to further develop FICT as a key player in the global semiconductor value chain sector through the integration of substrate technology