Houlihan Lokey Advises Team-Metal

Houlihan Lokey is pleased to announce that Team-Metal (S) Pte. Ltd. (Team-Metal), a leading high-mix, low-volume precision engineering company that manufactures high-precision mechanical products for a wide range of industries, has been acquired by The Acrotec Group (Acrotec), a specialised company in micro-mechanics precision serving different industries, that is organised into three distinct divisions, namely: Watchmaking-Jewellery, Medtech, and Precision High-Tech. The transaction closed on 20 April 2022.

Since 1988, Team-Metal has been recognised in the industry for supplying high-precision mechanical products and services. It produces intricate parts that are sought after by a wide range of industries, including life sciences, analytical, and medical equipment, across the Asian market. For the past 34 years, Team-Metal has enjoyed a solid reputation amongst its major, predominantly international clients, particularly in its main sector of activity, medical equipment. The company is headquartered in Singapore and employs more than 600 staff across Singapore, Indonesia, Malaysia, and China.

Founded in 2006, Acrotec brings together unique and complementary skills in the high-precision technology markets. Be it with high-tech components or with specialised services, Acrotec is present in the watchmaking, Medtech, automotive, aeronautical, and electronics industries. The group’s companies are located mainly in Switzerland, France, and the United States with 20+ production sites and 1,300+ staff globally. Some of Acrotec’s key specialisations include the following:

• Unique, minute components for the watch industry as well as high-precision and intricate products on super alloys for the aeronautical, automotive, and medical markets.
• Exceptional knowledge of industrial automation and high-precision through capitalising on the collective strength and the expertise of the companies.
• R&D department to remain at the forefront of technological innovation in its areas of expertise, which will benefit from merging the skills of the companies.

With the arrival of The Carlyle Group as its new investor, Acrotec has announced its diversification strategy to develop its activity in the Medtech sector and to create a greater balance between the group’s business areas. By acquiring Team-Metal, it has achieved a double objective: developing its Medtech division and opening the Asian market. Both Acrotec and Team-Metal believe this synergistic partnership will provide a geographical advantage, expand business networks, and offer new products and services to customers.

Houlihan Lokey served as the exclusive financial advisor to Team-Metal and assisted in initiating, structuring, and negotiating the transaction on its behalf. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the industrials sector and highlights its cross-border expertise, as global teams from the Singapore, Germany, and Japan offices collaborated to run the auction process.