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Blackstone Is Said to Consider Selling Interplex’s $1 Billion ICT Unit
['Manuel Baigorri', 'Dong Cao', 'Elffie Chew', 'Fri January At Am Gmt', 'Min Read']
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BloombergBlackstone Inc. is considering selling Interplex’s information and communications technology unit amid interest from other private equity firms and industry players, according to people familiar with the matter.
A transaction might value the ICT business at more than $1 billion, they said.
Blackstone acquired Singapore-based Interplex for an undisclosed amount in 2022 from Baring Private Equity Asia, which is now part of EQT AB.
The ICT business offers solutions for areas such as networking enclosures, servers, disk drives, wearables and mobile devices, Interplex’s website shows.
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