(Bloomberg) — Platinum Equity, a buyout firm founded by American businessman Tom Gores, is weighing exiting its investment in Singapore electronics manufacturing services provider PCI Pte, according to people with knowledge of the matter.
The private equity firm is working with financial advisers to gauge interest from potential buyers, said the people, who asked not to be named as the information is private. A deal could value the manufacturing services provider at about US$400 million, the people said.
Deliberations are at an early stage and Platinum Equity could decide not to proceed with the sale, the people said. A representative for Platinum Equity declined to comment. A representative for PCI did not respond to requests for comment. Read more…..
Chart of the Day
Warren Buffet gives extraordinary advice on how to live your life. Follow this wisdom and you will be a better person. Absolutely fascinating motivational speech by the Richest Men Alive, Warren Buffet. I hope you enjoy and learn a great lesson.