PE-owned Global A&T Electronics files for bankruptcy
Global A&T Electronics, a Singapore-headquartered provider of assembly and test services for semiconductor chips that is controlled by Affinity Equity Partners and TPG Capital, has filed for bankruptcy in the US.
Creditors have already endorsed a restructuring plan that will see Global A&T’s debt burden reduced from approximately $1.12 billion to $665 million and Affinity and TPG give up a 31% equity interest...
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