We were the exclusive financial adviser to Anchorage Capital Partners on the sale of First Engineering to SGX-listed Sunningdale Tech.
Both First Engineering and Sunningdale Tech are Singapore-based precision plastics manufacturers serving the consumer electronics, automotive, and healthcare industries. The combined business will have annual revenues in excess of US$500 million, and manufacturing and sales operations spanning nine countries.
Rippledot was also the sole financial adviser to Anchorage Capital Partners for their acquisition of First Engineering in 2012, and co-invested alongside Anchorage at the time. The sale of First Engineering to Sunningdale Tech, achieved in just over a two-year timeframe, delivered highly attractive returns for the vendors.