WongPartnership is advising Swiss tool and component maker  SFS Group on its acquisition of Singaporean precision fastener maker Unisteel Technology International Ltd. from Kohlberg Kravis Roberts & Co.
The value of the deal, which is expected to close in the third quarter, was not disclosed. However, KKR bought Unisteel for $575 million in 2008, according to Reuters.
WongPartnership’s Ng Wai King and Audrey Chng acted as lead partners for SFS on the deal. KKR turned to frequent outside counsel Simpson Thacher & Bartlett, with Hong Kong partners Kathryn Sudol and Sinead O’Shea leading work on the deal. Singapore firm Allen and Gledhill also advised KKR on the transaction.
Heerbrugg, Switzerland-based SFS makes components for the autos, aircraft and construction industries, among others, and will expand into data storage, mobile applications and consumer electronics through the Unisteel acquisition. The combined company is expected to employ 7,000 people and operate 25 plants in Europe, Asia, and North America.
Email: tbrennan@alm.com.