PK Wong & Nair LLC is delighted to have been involved in advising on the successful divestment of Team Metal (S) Pte Ltd (“Team-Metal”). The PK Wong & Nair LLC team, led by Co-Managing Director Mark Wong with support from Associate Director Jacinda Wong, Senior Associate Lim Teck Jin and Associate Cheryl Theng, advised and assisted shareholders of Team-Metal during the Acrotec Group’s acquisition of this industry leader in precision engineering, which closed on 20 April 2022.
Team-Metal has been recognised in the industry since 1988 for its high-precision mechanical products and services, producing intricate parts sought after by a wide range of industries, including the life sciences, analytical instruments, medical, lifestyle and office automation sectors. Team-Metal now joins the Acrotec Group (a partner of global investment company, The Carlyle Group), an independent group focusing on micromechanics offering a wide range of manufacturing processes for precision components for industries ranging from luxury watches and jewellery, to medical devices.
The PK Wong & Nair LLC team worked closely with professional advisors Houlihan Lokey on the successful divestment through an auction process. The legal aspects of the deal which involved various jurisdictions including Singapore, China, Indonesia, France and Japan was coordinated by PK Wong & Nair LLC to seamlessly deliver cross-border transactional legal support utilising its expertise in the cross-border mergers and acquisitions sphere.
PK Wong & Nair LLC wishes Team-Metal continued success in its endeavours.