Thursday, October 28, 2010

IPO: Amtek Engrg

IPO: Amtek Engrg is planning to raise US$400-500m via an IPO on SGX end of the yr. The company first listed on SGX in 1987 but was taken private in 2007 by CVC Capital Partners along with a consortium for $552m. Amtek is a metal components & product maker that caters to the automotive, consumer electronics, life sciences & telecommunications sectors. It has 20 mfg plants in 8 countries chalking up revenue of US$638m in FY10. Credit Suisse, Morgan Stanley & Stanchart are advising the deal.

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