Advantage Partners Divests FICT to MBK Partners and FormFactor
Deal News | Feb 07, 2025 | BDA Partners
Advantage Partners (AP) has agreed to sell its holdings in FICT Limited to a consortium led by MBK Partners K.K. and FormFactor, Inc. The transaction, facilitated by BDA Partners, highlights FICT's role in the semiconductor industry, providing advanced PCB and substrate technology. This move aligns with global trends in technological development and emphasizes the international collaborations within the semicon sector. BDA Partners, along with Daiwa Securities and legal advisors Nagashima Ohno & Tsunematsu, led the advisory efforts. This transaction underlines BDA's expertise and presence in Japan, as well as its growing influence in the semicon space, marking its second successful transaction with Advantage Partners in recent months.
Sectors
- Semiconductors
- Private Equity
- Mergers & Acquisitions
Geography
- Japan – FICT is based in Japan, and BDA Partners has a significant presence in the Japanese market.
- Global – The transaction involves international partners and highlights connections between Japan and the global semiconductor market.
Industry
- Semiconductors – The article focuses on FICT's role in producing PCB and substrate technology, which are vital components of the semiconductor industry.
- Private Equity – The transaction involves a private equity firm, Advantage Partners, as the selling entity.
- Mergers & Acquisitions – The article discusses a significant M&A transaction involving the sale of FICT.
Financials
- Not Disclosed – The financial details of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advantage Partners | Selling Company | Company | A private equity firm selling its holdings in FICT. |
| FICT Limited | Target Company | Company | A company specializing in high-end PCB and substrate technology. |
| MBK Partners | Bidding Company | Company | A private equity firm part of the consortium acquiring FICT. |
| FormFactor, Inc. | Bidding Company | Company | A semiconductor company part of the consortium acquiring FICT. |
| BDA Partners | Financial Advisor | Company | Acted as financial advisor to Advantage Partners in the transaction. |
| Daiwa Securities | Financial Advisor | Company | Provided financial advisory services alongside BDA Partners. |
| Nagashima Ohno & Tsunematsu | Legal Advisor | Company | Provided legal counsel to Advantage Partners. |