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Health-TechVC

Temasek-Backed 65 Equity Partners Invests $74M in Hi-P

Rary Maharani
Last updated: July 12, 2024 2:03 am
Rary Maharani
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  • Temasek-backed 65 Equity Partners invests $74M in advanced manufacturer Hi-P.
  • Hi-P serves blue-chip clients like Amazon, Apple, and Dyson.
  • The company plans to work towards a potential public listing in the future.

Contents
Hi-P scores big win 65 equity partners!Hi-P’s next big adventure

Hi-P scores big win 65 equity partners!

Advanced manufacturing service provider Hi-P has secured a S$100 million (US$74.1 million) investment from Temasek-backed 65 Equity Partners through the Local Enterprise Fund.

Hi-P and 65 Equity Partners will collaborate on a new strategic focus and leadership succession to accelerate growth and sustainability.

65 Equity Partners CEO Tan Chong Lee expressed confidence in Hi-P’s established market position and robust track record as a leading advanced manufacturer in Asia, serving a diverse blue-chip customer portfolio, including top global players in their respective industries.

Hi-P provides advanced manufacturing, production, assembly, testing, and packaging services for customers such as Amazon, Apple, and Dyson.

Hi-P’s next big adventure

As part of the investment, Hi-P will work toward a potential public listing in the future. The company, which delisted from the Singapore Exchange in 2021, is considering a dual listing in Hong Kong or the US.

Executive Chairman Yao Hsiao Tung expressed excitement about Hi-P’s prospects and looks forward to collaborating 65 Equity Partners to refine their business strategy.

To read the original article: https://www.techinasia.com/temasekbacked-investment-firm-pours-74m-advanced-manufacturer-hip

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