Angeles Equity Partners Acquires APCT from Saugatuck Capital

ICAPE Group Acquires Operating Assets of PCB Solutions, Ustek Incorporated and Nujay Technologies

October 1, 2023

Manufacturing

ICAPE Group has acquired the operating assets of three U.S.-based PCB-trading companies — PCB Solutions, Ustek Incorporated and Nujay Technologies Inc. The asset purchases (100% cash) add over 180 North American customers across medical, automotive and other industrial end markets and will be integrated into ICAPE USA and CIPEM USA to strengthen the Group’s U.S. footprint and local distribution channels.

AGIC Capital Makes Growth Equity Investment in AP Technologies

August 10, 2023

Medical Devices

AGIC Capital completed a growth equity investment in Singapore-based AP Technologies, a contract manufacturer specializing in precision medical tubing and catheter assemblies. AGIC will partner with AP Tech's founders and management to accelerate global growth and bolster the company's technological capabilities; the deal is AGIC's first transaction in Asia with Fund II.

APCT Acquires San Diego PCB Design

April 11, 2023

Manufacturing

APCT, a Santa Clara–based manufacturer of advanced printed circuit boards and a portfolio company of Industrial Growth Partners, has completed the acquisition of San Diego PCB Design. The add-on expands APCT’s offering to include PCB layout and design services, creating a full PCB lifecycle capability from design through prototyping and production.

APCT (IGP Portfolio Company) Acquires Advanced Circuits from Compass Diversified

February 15, 2023

Manufacturing

APCT, a portfolio company of Industrial Growth Partners, completed the acquisition and merger with Advanced Circuits, Inc., a designer and manufacturer of quick-turn, low-volume printed circuit boards. The transaction was announced January 10, 2023 and closed in February 2023 (enterprise value reported at $220 million), with the seller Compass Diversified receiving approximately $170 million of proceeds at closing after adjustments.

Industrial Growth Partners Acquires APCT from Angeles Equity Partners

October 6, 2021

Manufacturing

Industrial Growth Partners V, L.P., in partnership with APCT management and certain outside investors, acquired APCT, a Santa Clara-based manufacturer of quick-turn, low-volume advanced printed circuit boards, from Angeles Equity Partners. The acquisition (closed October 2021) creates a platform to accelerate APCT's growth and expand its manufacturing and program-management capabilities across aerospace & defense, medical and industrial end markets; financial terms were not disclosed.

Angeles Equity Partners Acquires APCT, Inc.

June 4, 2019

Manufacturing

Angeles Equity Partners, a Los Angeles-based private equity firm, has acquired APCT, Inc., a manufacturer of quick-turn printed circuit board (PCB) prototypes with domestic sites in Silicon Valley, Southern California and Connecticut. Angeles will partner with APCT management to accelerate profitable growth, pursue bolt-on acquisitions, expand global production capabilities, and drive systems integration; financial terms were not disclosed.