BDA advises Platinum Equity on the sale of PCI to Celestica
PCI is a Singapore-based Electronics Manufacturing Services (EMS) company. It is a fully integrated design, engineering and manufacturing solutions provider, with six manufacturing and design facilities across Asia. PCI serves a variety of end markets including automotive, industrial, commercial, consumer / lifestyle and medical equipment.
Celestica (TSX: CLS, NYSE: CLS), headquartered in Toronto, is a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies.
Paul DiGiacomo, Managing Partner and Head of Financial Sponsors, BDA, said: “This is a great result for PCI, Celestica and Platinum Equity, and we are thrilled for everyone involved. We are proud to have advised Platinum Equity on two successful exits in Asia in the past 12 months, and highly appreciate the strong partnership we have built with them. Delivering excellence to our clients motivates us and we continue to invest in our business so that we can provide them with world-class advice on a global scale.
Simon Kavanagh, Partner & Head of Industrials, BDA, said: “This transaction reaffirms BDA’s strong industrial expertise, particularly in the area of EMS and electronic components. It demonstrates our ability to deliver the best results to leading private equity clients through competitive global auction processes, thoughtful positioning and an understanding of the investor universe. We congratulate Platinum, PCI and Celestica on a successful transaction.
Paul DiGiacomo, Managing Partner, Hong Kong
Simon Kavanagh, partner, Hong Kong
Anindita (Andi) Das, Director, Singapore
Michael Lim, Analyst, Singapore
About platinum stocks
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $ 25 billion in assets under management and a portfolio of 50 operating companies that serve clients around the world. The company currently invests with Platinum Equity Capital Partners V, a $ 10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $ 1.5 billion buyout fund focused on investment opportunities on the lower middle market. Platinum Equity specializes in mergers, acquisitions and transactions – a brand strategy it calls M&A & O® – acquiring and operating companies in a wide range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, services related to metals, media and entertainment, technology, telecommunications and other industries. Over the past 25 years, Platinum Equity has made over 300 acquisitions. www.platinumequity.com
About Celestica Inc
Celestica (TSX: CLS, NYSE: CLS) is a supply chain solutions provider, with revenues of US $ 6.6 billion. It operates in the electronics manufacturing services sector. It offers a range of services to its clients, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, l ‘assembly and testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and aftermarket repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment and industrial and alternative energy products, including solar panels and inverters. www.celestica.com
BDA Partners is the global investment banking advisor for Asia. We are a leading provider of Asian-related advice to sophisticated clients around the world, with 25 years of experience advising on cross-border mergers and acquisitions, capital raising and financial restructuring. We offer global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the chemical, consumer and retail, healthcare, industrial, service and technology sectors. We work tirelessly to earn the trust of our clients by providing them with sound advice and exceptional results. BDA Partners has forged strategic partnerships with William Blair, a leading global investment bank, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with $ 150 billion in assets.
Securities transactions in the United States are conducted through the affiliate of BDA Partners, BDA Advisors Inc., a brokerage registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorized and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct type 1 and type 4 regulated activities with professional investors. www.bdapartners.com