China-based personal fairness agency Sensible Street Capital is considering the sale of UTAC Holdings, a semiconductor meeting and testing firm, reported Bloomberg, citing sources.
Sensible Street has engaged an undisclosed adviser to discover a possible sale of UTAC, which might worth the corporate at roughly $3bn (S$3.93bn), the sources instructed the publication.
The deliberations relating to the sale of the Singapore-based firm are nonetheless within the preliminary phases, and it’s potential that Sensible Street could select to not proceed, the report mentioned.
Neither Sensible Street nor UTAC have provided any feedback on the potential sale to this point.
UTAC was acquired by Sensible Street in 2020 from a gaggle of shareholders together with Affinity Fairness Companions and TPG.
UTAC Holdings is engaged in offering a set of semiconductor meeting and testing providers, catering to product classes resembling analogue, mixed-signal and logic, and reminiscence.
The corporate has manufacturing services throughout Singapore, Thailand, China and Indonesia.
UTAC’s international gross sales community targets the US, Europe, China and Taiwan, Japan and the remainder of Asia, with gross sales workplaces established in every of those 5 areas.
The corporate’s clientele primarily consists of fabless firms, built-in system producers and wafer foundries.
Sensible Street’s funding focus encompasses sectors resembling semiconductors, automotive electronics, robotics, the Web of Issues and sustainability.
Its traders vary from expertise firms to monetary establishments and household workplaces.
“Sensible Street considers sale of semiconductor firm UTAC for round $3bn – report” was initially created and revealed by Verdict, a GlobalData owned model.
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