We advised Australia-based private equity firm Anchorage Capital Partners on their acquisition of First Engineering.

First Engineering is a leading precision plastics component manufacturer based in Singapore. It serves blue-chip customers across the automotive, business machines, hard disk drive and medical sectors.

The transaction marked an exit for First Engineering’s senior lenders, following the S$221 million leveraged buyout of First Engineering by Affinity Equity Partners in 2007, and subsequent restructuring and debt-for-equity swap by the senior lenders in 2009.