Hi-P International
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65 Equity Partners has made an investment of SGD 100 million ($74.06 million) in Hi-P International
Temasek-backed global investment firm 65 Equity Partners has made an investment of SGD 100 million ($74.06 million) in Singapore-headquartered regional advanced manufacturing service provider Hi-P International Pte. Ltd. (Hi-P).
The fresh capital injection was made through 65 Equity Partners’ Local Enterprise Fund, which is a joint SGD 1 billion ($741 million) fund with the Singapore Government, led by the Ministry of Trade & Industry, with the goal of developing Singapore champions. According to the statement, Hi-P will work with 65 Equity Partners to develop plans for a new strategic focus and leadership succession for growth acceleration and sustainability.