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Submission: On August 25 via api from SG
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Bloomberg the Company & Its ProductsThe Quint BLOOMBERG Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. 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(Bloomberg) -- Blackstone Inc. is in advanced talks to acquire Singaporean precision components business Interplex for about $1 billion, according to people familiar with the matter. The U.S. buyout firm is hammering out the details of a transaction with owner Baring Private Equity Asia, the people said, asking not to be identified because the matter is private. Blackstone has emerged as a leading bidder after beating out rival private equity firms, the people said. An announcement could come in the next few weeks, the people said. Talks could still be delayed or fall apart and other bidders remain interested in the asset, they said. Representatives for Baring and Blackstone declined to comment. Baring bought Interplex, formerly known as Amtek Engineering Ltd., in 2016 from investors including CVC Capital Partners and Standard Chartered Private Equity and took it private in a roughly S$450 million ($331 million) deal. Interplex has since expanded both organically and via acquisitions, including the purchase of U.S.-based connector and cable assembly maker OCP Group Inc. earlier this year for an undisclosed amount. The Singaporean firm makes components used in electric vehicles, autonomous driving, medical and life sciences as well as cloud computing, according to its website. Blackstone in June offered to take over Chinese office developer Soho China Ltd. for as much as HK$23.7 billion ($3 billion), its biggest bet yet on the real estate market in Asia’s largest economy. China’s antitrust regulator is reviewing the deal. ©2021 Bloomberg L.P. Bloomberg Missing BloombergQuint's WhatsApp service? Join our Telegram channel or activate Website Notifications. Stay Updated With Business News On BloombergQuint Recommended for you All You Need To Know Going Into Trade This Wednesday Aug 25, 2021 Stocks, Futures Steady; China Tech Rebound Stalls: Markets Wrap Aug 25, 2021 China Reopens Busy Port Terminal; Sydney Struggles: Virus Update Aug 25, 2021 Stocks To Watch: Adani Ports, Canara Bank, ICICI Bank, Tata Steel, Wipro Aug 25, 2021 MOST READ * Share Market Live: Sensex, Nifty Pare Gains; RIL, Adani Ports Advance * Why JPMorgan Is Turning Cautious On Indian Stocks * Too Soon To Begin Monetary Policy Normalisation: HDFC Bank's Ashish Parthasarthy * Ujjivan Small Finance Bank: The Inside Story Of A Tussle Between The Old And The New * This Is Maruti Suzuki’s Biggest Concern Ahead Of Festive Season Subscribe to Bloomberg | Quint The Daily Newsletter I agree to the terms of the privacy policy News & Stock Alerts Telegram Subscribe Website Notifications Subscribe WhatsApp Subscribe WHY JPMORGAN IS TURNING CAUTIOUS ON INDIAN STOCKS The Indian stock market's standout performance among emerging markets in recent times may well have been a case of running up too soon, too fast.That's according to James Sullivan, head of Asia Pac... 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