Interplex board appoints CIMB as adviser in S$450m takeover by Baring Private Equity

PRECISION engineering firm Interplex Holdings on Thursday said the board has appointed CIMB Bank as its independent financial adviser over a S$450 million takeover by Baring Private Equity Asia.

Interplex Holdings, formerly known as Amtek Engineering, is majority owned by CVC Capital Partners-backed Metcomp Group Holdings and the private equity arm of Standard Chartered. Both have said they would accept the offer by Baring.