SINGAPORE, January 20, 2022 – Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have acquired Interplex, a global leader in innovative and customized connector solutions for the auto, medical and information communications technology (ICT) markets, from Baring Private Equity Asia’s affiliated private equity funds (“BPEA”). The company has developed strong R&D capabilities and services a portfolio of blue-chip industry customers through a manufacturing footprint spanning 13 countries.
Interplex is a key industry leader in future mobility power and signal connector technology, working closely with electric vehicle (EV) customers to develop proprietary solutions for EV powertrains, battery systems, autonomous driving, and other vehicle electrification applications. The company has also actively positioned itself for other high-growth connector and high precision products in markets such as smart medical devices, life sciences, and ICT. Interplex will continue to support customers in providing solutions for their increasingly complex product development roadmap.
Ed Huang, Chief Operating Officer of Asia Private Equity for Blackstone, said: “Interplex is a global leader in developing innovative interconnect solutions targeting key markets that we believe have attractive growth prospects – markets such as EVs and future mobility, healthcare, and digital infrastructure. This investment reflects Blackstone’s continued global focus on investing in leading companies that are well positioned in what we refer to as good neighborhoods. We are very pleased to partner with a world-class management team and look forward to supporting Interplex on its next phase of growth.”
