Deliberations are preliminary and the owner could decide against a sale, the people said. A representative for DCP Capital declined to comment, while MFS Technology didn’t immediately respond to requests for comment on a public holiday in Singapore.
Founded in 1988, MFS Technology manufactures flexible printed circuit board units for automotive, industrial, medical and data storage use, according to its website. In addition to its Singapore headquarters, the firm has manufacturing operations in Malaysia and China and offices in Europe and North America.
DCP Capital acquired a controlling stake in MFS Technology from Navis Capital Partners and Novo Tellus Capital Partners for an undisclosed amount in 2018, with BDA Partners advising the sellers.
