Singapore-based technology and engineering company Interplex has found itself in the sights of investment management giant Blackstone, it was reported on Tuesday.
According to Reuters, the Baring Private Equity Asia (BPEA)-owned company could see itself change hands in a deal with more than $1bn, although finalising the transaction could take several weeks.
Reuters, citing two people “with knowledge of the matter”, said there was no certainty that a deal could be reached at this stage, adding that Blackstone did not have any exclusivity either.
BPEA paid SGD 450m for Interplex in late 2015, delisting it from the Singapore Exchange after acquiring the bulk of the form from CVC Capital Partners and Standard Chartered’s private equity division.
