Product category: Plugs and Sockets
News Release from: FCI
Edited by the Electronicstalk Editorial Team on 11 November 2005
FCI acquired by
global private investment firm
FCI, one of the largest manufacturers of connectors and interconnect systems in the world, has been acquired from French energy group Areva by Bain Capital, a leading global private investment firm
Completion of the acquisition follows a competitive bidding process designed to identify the best possible partner for FCI in terms of financial strength, international presence and commitment to business development. With more than eur20 billion in assets under management, Bain Capital is one of Europe's most active private equity firms.
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Established in 1984, the firm has investments in over 50 companies around the world, and has been an active investor in the automotive and telecommunication component sectors.
'As a technology leader in the global automotive, communication, consumer electronic and electrical sectors, it was essential for us to find the right partner to work with', said a spokesperson from FCI.
'Bain Capital has deep experience investing in technology-driven companies, and an excellent track record of building the business of the companies it acquires'.
'We look forward to the exciting new era ahead'.
'We are thrilled to work with the management team at FCI to help the business realise the full value of its competitive advantage', said Walid Sarkis, a Managing Director at Bain Capital.
'We will leverage our extensive resources in Europe, North America and Asia to support FCI's growth strategy and customer relationships'.
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