MBK Partners Acquires Japanese Semiconductor Substrate Manufacturer for 950 Billion KRW

Acquisition of 80 Percent Stake from Advantage Partners

Private equity firm MBK Partners is acquiring FICT (formerly Fujitsu Interconnect Technologies), a manufacturer of printed circuit boards (PCBs), for approximately 100 billion yen (9.5 billion KRW).

According to local foreign media and investment banking (IB) industry sources on the 6th, FICT is a substrate manufacturer equipped with high-density, high-speed data transmission technology. It has also produced substrates for the supercomputers Fugaku and Kei.

Through this deal, MBK will acquire 80% and U.S. semiconductor inspection equipment company FormFactor will acquire 20% of the shares from Advantage Partners, an investment fund that previously held 100% ownership.

FICT was a Fujitsu subsidiary before being sold to Advantage Partners in 2020. Its fiscal year sales as of March last year were 30 billion yen, and it has 980 employees.

FormFactor uses FICT substrates as key components in semiconductor inspection equipment. This partnership aims to expand their global customer base.

MBK views FICT's medium-term growth potential as significant due to the expanding demand for AI data centers.