TDConnex

Status

Current

TDConnex is a leading global precision manufacturer which provides cutting-edge engineering and manufacturing services to global technology leaders. Founded initially as a subsidiary business unit of the Tongda Group, a Hong-Kong based diversified conglomerate listed on the Stock Exchange of Hong Kong, TDConnex’s leading-edge, micro-precision components can be found in over a billion technology products worldwide today. Post-investment, TDConnex has been carved out as a newly independent company headquartered in Singapore, with independent operations, profitability, and a strong set of global leaders as customers. It has production sites in both China and India.  

Who we partnered with?

65 Equity Partners partnered with (i) TDConnex’s CEO Thanga Venkatachalam and his senior management team, and (ii) Novo Tellus Capital Partners, a Singapore-based private equity firm specializing in the mid-market technology and industrial sectors, in the acquisition of 100% of TDConnex to support its continued pursuit of manufacturing excellence to serve global technology leaders.

What attracted us to the business?

We are attracted to TDConnex’s differentiated, market-leading and comprehensive engineering capabilities and its strong track record of manufacturing excellence. It is well-positioned to capitalize on secular tailwinds from global supply chain evolution, together with attractive end market demand driven by continued trends towards miniaturization, premiumization and the Internet of Things (IoT).

Our value creation strategy

Partnering with the management team of TDConnex and Novo Tellus, we aim to leverage our local and international footprint to support the business in accessing new markets, deepening supply chain and new product development. We also aim to work closely with the management team on a wide range of organic and inorganic growth initiatives.