MBK Partners and FormFactor Join Forces to Acquire Japanese Semiconductor PCB and Substrate Manufacturer FICT Ltd

MBK Partners, the largest private equity firm in North Asia, will invest 100 billion yen (about $656.3 million) to acquire a controlling stake in FICT Ltd, a Japanese semiconductor printed circuit board (PCB) and substrate production company, together with FormFactor Inc., a semiconductor certification and production test company in Livermore, California. Under the agreement, MBK will hold an 80% stake in FICT, while FormFactor will hold a 20% non-controlling stake and have a seat on FICT's board of directors. FormFactor will invest approximately $60 million in the transaction.