Advantage Partners Fund has agreed to transfer all shares of FICT Corporation to a consortium led by MBK Partners and FormFactor, Inc., aiming to enhance FICT's capabilities in the semiconductor market.

Information on the Target

The target of this transaction is FICT Corporation (referred to as 'FICT'), which specializes in the development, design, manufacture, and sales of printed circuit boards and semiconductor packaging substrates. Established in January 2020, FICT evolved from a division within the Fujitsu Group that focused on hardware-related offerings. Under the guidance of Advantage Partners Fund (referred to as 'AP Fund'), FICT has successfully transitioned from a manufacturer of electronic components primarily focused on printed wiring boards to a solution provider addressing various challenges across the semiconductor value chain, including design, inspection, packaging, and testing of end products.

During the investment period led by AP Fund, FICT implemented comprehensive strategies for increasing enterprise value. These strategies included restructuring its product portfolio, actively investing in growth areas, establishing pricing that reflects the value offered, and driving digital transformation initiatives focused on production efficiency. As a result, FICT has experienced significant growth and an expansion in its operational capabilities.

Industry Overview in Japan

The semiconductor industry in Japan plays a crucial role in the global technology landscape, contributing significantly to advancements in electronics, automotive technology, and telecommunications. Japan is home to several leading semiconducto