1 August 2017
Clifford Chance advises Platinum Equity Partners on S$170 million acquisition
Leading international law firm Clifford Chance has advised Platinum Equity Partners (Platinum Equity) on its acquisition of Fischer Tech Ltd, a SGX-listed company that manufactures and supplies plastic precision components for a wide range of products including automobiles, consumer electronics, computers and medical devices.
Platinum Equity is a global M&A&O® firm that specialises in mergers, acquisitions and operations of companies that provide mission-critical products, services and solutions in diverse industries. Fischer Tech operates in Singapore, China, Malaysia and Thailand.
The transaction, to be implemented by a Singapore High Court approved scheme of arrangement, is estimated to be worth approximately S$170 million and is due to be completed in Q4 2017.
Singapore Partner Lee Taylor led the transaction, and was supported by partner Neeraj Budhwani (Hong Kong), counsel Tom Lin (Singapore) and senior associate Jo-Celine Tan (Hong Kong).
Lee offered, "We're pleased to have acted as sole counsel to Platinum Equity on this significant transaction that will open up new opportunities for growth and expansion for a dynamic client."