Wise Road Capital is exploring a potential sale of UTAC Holdings, a Singapore-based semiconductor assembly and testing specialist, according to a report by Bloomberg citing sources familiar with the matter.
The Beijing-headquartered private equity firm has reportedly appointed an adviser to evaluate options and could seek a valuation of around $3bn in any transaction, the sources said, requesting anonymity due to the confidential nature of the discussions.
Talks are said to be at a preliminary stage, and there is no certainty Wise Road will proceed with a sale. The firm acquired UTAC in 2020 from a consortium that included Affinity Equity Partners and TPG.
UTAC operates manufacturing facilities across Singapore, China, Indonesia, and Thailand, serving customers primarily in the US, Europe, and Asia, according to its website.
Wise Road Capital focuses on investments across the semiconductor value chain and broader high-tech sectors including automotive electronics, robotics, IoT and sustainability. Its investor base spans technology companies, financial institutions and family offices.
