Blackstone is considering the sale of Singapore-based Interplex’s information and communications technology (ICT) unit, according to a report by Bloomberg citing people familiar with the matter.
The firm is reportedly working with a financial adviser on a potential transaction that could value the ICT business at more than $1bn, amid interest from private equity firms and strategic buyers. Discussions are at an early stage and no final decision has been made.
Interplex manufactures components used across sectors including electric vehicles, autonomous driving, medical and life sciences, and cloud computing. Blackstone acquired the company in 2022 from Baring Private Equity Asia, which is now a part of EQT.
According to the company’s website, its ICT unit provides solutions for applications such as networking enclosures, servers, disk drives, wearables and mobile devices.
