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Novo Tellus and 65 Equity Partners acquire TDConnex to drive global expansion

PRIVATEApr 03, 2024

Acquiring Company

Novo Tellus

Acquired Company

TDConnex

SingaporeSingaporeSingaporeManufacturingFinancial ServicesManufacturing

Description

Novo Tellus and 65 Equity Partners have finalized the acquisition of TDConnex from the Tongda Group, positioning TDConnex as a newly independent global company with significant operations and a strong focus on serving global technology leaders. This strategic move is aimed at driving growth and innovation in the global precision manufacturing industry.

Quick answer

Novo Tellus and 65 Equity Partners are acquiring TDConnex, announced April 3, 2024. Novo Tellus is based in Singapore, Southeast Asia, Singapore.

How much did Novo Tellus pay for TDConnex?
The deal value was not disclosed.
What does Novo Tellus do?
Novo Tellus Capital Partners is a private equity firm focused on investments in industrial and technology companies in Southeast Asia's lower middle market.
Where are Novo Tellus and TDConnex based?
Novo Tellus is based in Singapore, Southeast Asia, Singapore. TDConnex is based in Singapore, Southeast Asia, Singapore.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Manufacturing

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Company Information

Company

Novo Tellus

Location

Singapore, Southeast Asia, Singapore

About

Novo Tellus Capital Partners is a private equity firm focused on investments in industrial and technology companies in Southeast Asia's lower middle market. Novo Tellus has built a track record of returns that place it in the top 5% of all private equity funds worldwide (over the last 40+ years). The Firm seeks to create value by bringing its team’s extensive company-building experience into close partnerships with portfolio management teams, working together to build businesses that last.

Company

65 Equity Partners

Location

Singapore, Southeast Asia, Singapore

About

Headquartered in Singapore with investment teams and operations in Europe and the United States, we are a global investment firm with S$4.5 billion (US$3.3 billion) in funds under management. We adopt a longer term partnership approach to our investments, and focus on investing in established family owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States, who have regional or global ambitions.

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Frequently asked

Who acquired TDConnex?

TDConnex was acquired by Novo Tellus, based in Singapore. The deal was reported on April 3, 2024. Novo Tellus Capital Partners is a private equity firm focused on investments in industrial and technology companies in Southeast Asia's lower middle market. Novo Tellus is privately held and operates in Manufacturing.

When did Novo Tellus acquire TDConnex?

Novo Tellus's acquisition of TDConnex was reported on April 3, 2024. Novo Tellus and 65 Equity Partners have finalized the acquisition of TDConnex from the Tongda Group, positioning TDConnex as a newly independent global company with significant operations and a strong focus on serving global technology leaders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TDConnex do?

TDConnex provides manufacturing for tomorrow's supply chain. The company is deeply committed to helping global technology leaders create and deliver the products that change the way the world lives and works. It is privately held, operating in Manufacturing, and is based in Singapore.

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