Clifford Chance

Clifford Chance advises Actis on sale of Teknicast Sdn. Bhd. and PT Teknicast Indonesia

Leading international law firm Clifford Chance has advised Actis on the sale of Teknicast Sdn. Bhd. and its shareholding in PT Teknicast Indonesia by its portfolio company, Teknicast Holdings Sdn Bhd, to a leading investment management firm based in Asia.

Teknicast, based in Malaysia, is a leading manufacturer of complex, premium aluminium die-cast components for the flow control, textile machinery and specialised industrial automation sectors. With a 30 year history, the company exports to global blue chip customers in key locations across the globe.

Partner Melissa Ng who led the deal said, "We are delighted to have advised Actis on its successful exit from Teknicast, following its acquisition of the business in 2008, on which we also advised. There has been an uptick in deal activity in South East Asia, particularly in the private equity sector, as this exit demonstrates."

Melissa was supported by associate Calum McKeen.

Actis is a global pan-emerging private equity firm with US$6.5 billion managed in 68 companies around the world.