Houlihan Lokey Advises Knight Auto Precision Engineering

Houlihan Lokey is pleased to announce that Knight Auto Precision Engineering Pte Ltd. (Knight Auto) has been acquired by Templewater.

Knight Auto is a precision engineering company specializing in the design and manufacturing of jigs, fixtures, device kits, and other products in the testing segment of the semiconductor industry. With more than 30 years of experience in precision machining coupled with manufacturing facilities across Singapore, Malaysia, China, and the Philippines, Knight Auto’s clientele base also includes multinational corporations across the Asia-Pacific region, United States, and Europe, consisting of the world's largest integrated device manufacturers (IDMs) and outsourced semiconductor assembly and test suppliers (OSATs).

Templewater is a Hong Kong-based alternative asset management firm that was co-founded by Cliff Zhang and Investec Group in 2018. The firm offers investment solutions to institutions, entrepreneurs, and family offices across asset classes, including private equity, impact investing, and real estate. Templewater’s private equity strategy focuses on investments in middle-market control buyout opportunities in the Asia-Pacific region and globally. Templewater invests in high-quality companies with proven business models to help them achieve their full potential through active ownership and working closely with management teams to implement a series of value-creation tools and best practices.

Houlihan Lokey served as the exclusive financial advisor to Knight Auto and assisted management and shareholders throughout the transaction, including preparing marketing materials and the business plan, due diligence, process coordination, and transaction negotiation.