H&QAP claims 11x return on Fabrinet after IPO
Long-established regional private equity firm H&Q Asia Pacific (H&QAP) has claimed an 11x return on its 1999 investment in Thailand-headquartered optical and electronic components foundry company Fabrinet, after the latter's IPO on the NYSE earlier in June.
The returns calculation was based on H&QAP's sale of a portion of its 58.3% controlling stake in Fabrinet, held by its Asia Pacific Growth Fund III, for an undisclosed amount. Fabrinet priced below expectations...
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