Platinum Equity Buys Fischer Tech

Los Angeles-based private equity investor Platinum Equity said last week that it is buying Singapore-based Fischer Tech Ltd., a manufacturer of high volume, precision engineering plastic components, in a deal worth approximately $111.7M. The two said that Platinum Equity would pay S$3.02 in cash per share of publicly traded Fischer Tech. Platinum Equity is merging Fischer Tech with Chinese company Ying Sing Enterprises Limited, which it acquired in 2015.