ETTERS, PA. (November 3, 2005) —FCI, one of the largest manufacturers of connectors and interconnect systems in the world, has been acquired from French energy group Areva by Bain Capital, a leading global private investment firm. Completion of the acquisition follows a competitive bidding process designed to identify the best possible partner for FCI in terms of financial strength, international presence and commitment to business development.
With more than €20 billion in assets under management, Bain Capital is one of the world’s most active private equity firms. Established in 1984, the firm has investments in more than 50 companies around the world, and has been an active investor in the automotive and telecommunication component sectors.
“As a technology leader in the global automotive, communication, consumer electronic and electrical sectors, it was essential for us to find the right partner to work with,” said an FCI spokesperson. “Bain Capital has deep experience investing in technology-driven companies, and an excellent track record of building the business of the companies it acquires. We look forward to the exciting new era ahead.”
“We are thrilled to work with the management team at FCI to help the business realize the full value of its competitive advantage,” said Walid Sarkis, a Managing Director at Bain Capital. “We will leverage our extensive resources in Europe, North America and Asia to support FCI’s growth strategy and customer relationships.”
For more information about FCI, send correspondence to 825 Old Trail Road, Etters, PA 17319-7883; call 800-237-2374, email [email protected] or visit FCI on the web at www.fciconnect.com.
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Created in 1989, FCI rapidly secured its place among the world’s top three manufacturers of connectors and interconnect systems. With a turnover of 1.29 billion Euros in 2004, FCI currently operates in 30 countries where it covers the following markets: communications, data, consumer, industrial, automotive and electrical power interconnect. The company employs around 13,000 staff worldwide.
For more information: www.fciconnect.com
