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China’s DCP Capital eyes sale of Singapore tech firm

DCP Capital, a China-based private equity firm, is looking to sell Singapore-based portfolio company MFS Technology, a manufacturer of flexible printed circuit boards, for at least $550 million, according to a report by Reuters.

Unnamed Reuters sources say that marketing for the sale targeting both financial sponsors and strategic buyers began on Friday, and the firm, which was founded by former KKR & Co dealmakers David Liu and Julian Wolhardt, is planning to issue confidential information memoranda next month.

BDA Partners and Jefferies are advising DCP on the sale, according to Reuters sources with initial bids for the business expected by late May.

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