FICT Transitions From Advantage Partners to New Consortium
Deal News | Feb 06, 2025 | Advantage Partners LLP
Advantage Partners LLP announced the sale of its entire stake in FICT Limited to a consortium consisting of MBK Partners K.K. and FormFactor, Inc. This transaction, structured as a share purchase agreement, received all necessary regulatory and third-party approvals, and is poised to conclude shortly. FICT Limited, formerly known as Fujitsu Interconnect Technologies, was originally a business unit within Fujitsu focused on printed circuit boards. Under the stewardship of Advantage Partners, FICT underwent a transformation from a PCB manufacturer to a comprehensive solutions provider in the semiconductor industry, emphasizing design, packaging, and testing. Advantage Partners initiated various initiatives to enhance FICT's value, including establishing standalone operations post-Fujitsu, revising the product portfolio, investing in growth sectors, and optimizing production via digital transformation. With the transition in ownership, the consortium aims to further expand FICT's role in the global semiconductor value chain.
Sectors
- Private Equity
- Semiconductor Industry
- Manufacturing
Geography
- Japan – Advantage Partners, MBK Partners, and FICT Limited are all based in Japan, making it a central region for this transaction.
Industry
- Private Equity – Advantage Partners LLP is a private equity firm that managed the investment and eventual sale of FICT Limited.
- Semiconductor Industry – FICT Limited operates within the semiconductor industry, providing solutions through design, packaging, and testing.
- Manufacturing – FICT Limited specializes in the manufacturing of printed circuit boards and semiconductor components.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advantage Partners LLP | Seller | Company | A private equity firm that invested in FICT Limited and managed its transformation before selling its stake. |
| FICT Limited | Target | Company | A company specializing in technology solutions for the semiconductor sector, originated from Fujitsu. |
| MBK Partners K.K. | Buyer | Company | Part of the consortium acquiring FICT Limited, a private equity firm headquartered in Japan. |
| FormFactor, Inc. | Buyer | Company | A part of the consortium acquiring FICT Limited, a semiconductor technology company. |