BDA Advises Navis Capital and Novo Tellus on the Sale of MFS Technology to DCP Capital

BDA Partners is pleased to announce that its clients, Navis Capital Partners and Novo Tellus Capital Partners, have completed the sale of MFS Technology in Singapore to DCP Capital. BDA acted as the exclusive financial advisor to Navis and Novo Tellus.

MFS is a leading development partner and provider of interconnect solutions for 170 multinational customers, delivering high value products to 300 customer sites globally. MFS specializes in interconnect solutions for high density interconnect, low volume, high-mix flexible printed circuit, PCB and rigid-flex circuit markets. MFS operates out of Singapore, Malaysia, and China.

Jean-Christophe Marti, Senior Partner of Navis, and Loke Wai San, Managing Director and Co-Founder of Novo Tellus, commented: "Our objective in the MFS investment was to sharpen the company's focus on Automotive, Industrial, Medical and Storage ("AIMS") customers, riding on several related secular growth trends, including the advent of the Internet-of-Things, growth in spend on medical devices, automobile electrification and the rise of driverless vehicles, and growth in demand for data storage capacity. This strategic refocusing, coupled with management's fine stewardship of the business, has been fundamental to MFS's consistent and reliable growth over the years."

Paul DiGiacomo, Senior Managing Director at BDA, commented: "We're delighted to have advised Navis and Novo Tellus on their successful exit. Over the past four years, MFS has repositioned itself as a successful global business, and we are excited to watch as MFS enters the next phase of growth under DCP. This transaction highlights BDA's expertise in the industrial sector, and our ability to execute global sale processes for private equity clients."

BDA Deal Team
Paul DiGiacomo, Senior Managing Director
Simon Kavanagh, Managing Director
Jonathan Fein, Vice President
Jennifer Lee, Associate
Evan Yang, Associate
Melvin Lim, Analyst

About Navis Capital Partners
Navis Capital Partners is a Malaysia-based private equity firm, established in 1998, specializing in direct equity investments in growth, buyouts, recapitalizations, and financial restructurings. The firm also targets established middle market companies and manages private equity funds. It primarily invests in consumer and industrial goods and retail services. The firm typically acquires a majority stake in its portfolio companies and makes control investments, with a focus on Asia Pacific, South, and SE Asia. www.naviscapital.com

About Novo Tellus Capital Partners
Novo Tellus Capital Partners is a private equity firm that primarily makes control buyout investments in small and medium-sized companies in SE Asia. It seeks to invest in information technology, industrial manufacturing, healthcare and clean technology sectors. The firm works in partnership with experienced management teams and business owners to grow their businesses organically, as well as through strategic acquisitions and regional & global market entry. Novo Tellus Capital Partners was founded in 2010, and is based in Singapore, with an office in Beijing, China. www.novotellus.com

About MFS Technology
MFS Technology Ltd designs, manufactures, and distributes flexible printed circuits and associated assembly worldwide. The company offers FPCs, flex-rigid/rigid-flex, rigid PCBs, and semiconductor substrates. It also provides turnkey component assembly services and module level integration. The company offers its products for use in applications in the telecommunication, consumer electronics, automotive, military/aerospace, industrial, medical, computer/peripheral, and network industries. The company was founded in 1988 and is headquartered in Singapore. www.mfstech.com.sg

About BDA Partners
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named Investment Bank of the Year 2017 by both The M&A Advisor and ACG New York. BDA formed partnerships with William Blair & Company in 2011, and Development Bank of Japan in 2017. www.bdapartners.com