BDA Partners is pleased to announce that its client, Cornell Capital, has merged its portfolio company, Lorom Holding Co., Ltd. (\u201cLorom\u201d), with In-Tech Holdings (Cayman) Limited (\u201cIn-Tech\u201d).<\/p>\n\n\n\n
BDA Partners acted as financial advisor to Cornell Capital and Lorom on the transaction.<\/p>\n\n\n\n
In-Tech is a Hong Kong based global provider of customised interconnect solutions and electronic manufacturing services. It specialises in demanding, fast-growing and highly regulated end-markets. With a long history of product co-development, high-quality solutions and on-time delivery, In-Tech has established itself as a trusted partner of choice for its customers.<\/p>\n\n\n\n
Lorom is a leading manufacturing solutions provider focusing on specialised cable manufacturing, cable assembly, and innovative solutions for cabling and connectors. Lorom has partnered with Cornell Capital since October 2019. Lorom\u2019s combination with In-Tech is its second transaction in the past 12 months. In December 2022, Lorom acquired Segue Manufacturing Services (\u201cSegue\u201d), a leading North American electronics manufacturer, to expand Lorom’s service offerings and diversify its global manufacturing footprint.<\/p>\n\n\n\n
With the addition of In-Tech, the combined company will be a vertically integrated, end-to-end manufacturing solutions provider of cables, PCBA, and box build services. It will offer both interconnect and contract manufacturing capabilities with manufacturing facilities in the U.S., China, Malaysia and India.<\/p>\n\n\n\n
“This announcement marks the creation of a one-stop-shop solutions provider, delivering customized solutions and services to our long-standing customer base,” said John X. Zhang, Ph.D., Chief Executive Officer of Lorom. “We look forward to partnering with the talented In-Tech team to support our valued customers around the world and drive the next chapter of growth of the combined company.”<\/p>\n\n\n\n
Paul DiGiacomo, Managing Partner and Head of Financial Sponsors, BDA, said \u201cThis is a great outcome for Lorom, In-Tech and Cornell Capital. We are proud to have advised Cornell Capital and highly value the relationship we have built with them as they have grown their presence in Asia. This is a testament to BDA\u2019s ability to deliver excellent buyside advisory to our financial sponsor clients.\u201d<\/p>\n\n\n\n
Simon Kavanagh, Partner and Head of Industrials, BDA, said \u201cThe combined company will create a successful vertically integrated platform and there are multiple post-merger initiatives that will grow revenues and margins. This transaction is another example demonstrating BDA\u2019s strong industrials expertise, particularly in the EMS and electronic component space. It showcases our ability to advise clients, not just on divestitures, but also on inorganic M&A-led growth.\u201d<\/p>\n","protected":false},"featured_media":15921,"template":"","class_list":["post-15866","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n