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4 September 20232 minute read

DLA Piper has advised Templewater on the acquisition of Knight Auto

DLA Piper has advised Templewater, a leading private equity firm active across Asia Pacific and the world, on its acquisition of Knight Auto Precision Engineering Pte. Ltd., a leading precision engineering firm headquartered in Singapore, with operations in Malaysia, Philippines and China. The transaction closed on 31 August 2023.

Knight Auto is a market leading manufacturer of components for semiconductor chip testing and assembly. The company has industry leading product design capabilities and serves a blue-chip customer base consisting of the world's largest Integrated Device Manufacturers (IDMs) and Outsourced Semiconductor Assembly and Test Suppliers (OSATs).

DLA Piper acted as overall lead legal advisor to Templewater on this transaction. Co-legal advisors included Fangda Partners (China), Firoz Julian (FJ Law) (Malaysia) and Angara Abellow Concepcion Regala & Cruz Law Offices (ACCRA Law) (Philippines). The multi-jurisdictional nature of this transaction demonstrates the strength of DLA Piper’s global network and cross-market mergers and acquisitions capabilities.

James Chang, lead partner for the transaction at DLA Piper based in Beijing said, “We are delighted to support Templewater on this transaction, which showcases DLA Piper’s pan-Asian M&A deal execution capabilities.”

James was supported on the mergers and acquisitions side by Alex Zhuo (Of Counsel, Hong Kong) and Stephanie Zhang (Consultant, Beijing). Corporate transactional advice was provided by David Kuo (Partner, Singapore), supported by Ying Chern Tan (Senior Associate, Singapore) and Jia De Yam (Associate, Singapore). Vincent Seah (Partner, Singapore), supported by Wei Hong Wong (Senior Associate, Singapore) and Darren Foo (Associate, Singapore) provided advice on debt financing. Nathan (Nate) Bush (Partner, Singapore) and Leah Li (Associate, Kaiman Law Firm) provided advice on antitrust and competition law.