# MBK-led consortium to acquire FICT for $656 million

MBK Partners, together with FormFactor, will acquire FICT Ltd., a Japanese semiconductor PCB and substrate maker, for 100 billion yen ($656.3 million). MBK will hold an 80% stake and FormFactor a 20% stake.

- Type: Acquisition
- Announced: 2025-02-06
- Where: Nagano, Japan
- Value: $656.3M
- Status: announced
- Products: semiconductor PCBs, substrates
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MBK Partners](https://endata.com/companies/14347.md) (acquirer)
- [Advantage Partners Inc.](https://endata.com/companies/54235.md) (partner)
- [FormFactor, Inc.](https://endata.com/companies/59724.md) (acquirer)
- [FICT](https://endata.com/companies/62992.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202502060006), 2025-02-06: "The semiconductor industry's rapidly accelerating adoption of advanced packaging requires increased investment and stronger collaboration across the test and assembly supply chain."
- [kedglobal.com](https://www.kedglobal.com/mergers_acquisitions/newsView/ked202502060006), 2025-02-06: "The semiconductor industry's rapidly accelerating adoption of advanced packaging requires increased investment and stronger collaboration across the test and assembly supply chain."
- [forbes.com](https://www.forbes.com/sites/zinnialee/2025/02/07/mbk-partners-led-consortium-acquires-japanese-semiconductor-company-fict-in-660-million-deal/), 2025-02-07: "A consortium led by MBK Partners, the North Asian private equity giant controlled by Korean billionaire Michael Kim, is acquiring Japanese advanced printed circuit boards maker FICT at an enterprise value of 100 billion yen (about $660 million)."
- [evertiq.com](https://evertiq.com/news/57228), 2025-02-10: "This acquisition aims to meet the increasing demand from global semiconductor companies driven by the rapid development of cloud computing and artificial intelligence (AI)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.