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BDA Advises Navis Capital and Novo Tellus on the Sale of MFS Technology to

DCP Capital

New York, NY, March 08, 2018 --( BDA Partners is pleased to announce that its clients, Navis
Capital Partners and Novo Tellus Capital Partners, have completed the sale of MFS Technology in
Singapore to DCP Capital. BDA acted as the exclusive financial advisor to Navis and Novo Tellus.

MFS is a leading development partner and provider of interconnect solutions for 170 multinational
customers, delivering high value products to 300 customer sites globally. MFS specializes in interconnect
solutions for high density interconnect, low volume, high-mix flexible printed circuit, PCB and rigid-flex
circuit markets. MFS operates out of Singapore, Malaysia, and China.

Jean-Christophe Marti, Senior Partner of Navis, and Loke Wai San, Managing Director and Co-Founder
of Novo Tellus, commented: "Our objective in the MFS investment was to sharpen the company's focus
on Automotive, Industrial, Medical and Storage (“AIMS”) customers, riding on several related secular
growth trends, including the advent of the Internet-of-Things, growth in spend on medical devices,
automobile electrification and the rise of driverless vehicles, and growth in demand for data storage
capacity. This strategic refocusing, coupled with management's fine stewardship of the business, has been
fundamental to MFS's consistent and reliable growth over the years.”

Paul DiGiacomo, Senior Managing Director at BDA, commented: "We're delighted to have advised
Navis and Novo Tellus on their successful exit. Over the past four years, MFS has repositioned itself as a
successful global business, and we are excited to watch as MFS enters the next phase of growth under
DCP. This transaction highlights BDA's expertise in the industrial sector, and our ability to execute global
sale processes for private equity clients.”

BDA Deal Team

Paul DiGiacomo, Senior Managing Director
Simon Kavanagh, Managing Director
Jonathan Fein, Vice President
Jennifer Lee, Associate
Evan Yang, Associate
Melvin Lim, Analyst

About Navis Capital Partners

Navis Capital Partners is a Malaysia-based private equity firm, established in 1998, specializing in direct
equity investments in growth, buyouts, recapitalizations, and financial restructurings. The firm also
targets established middle market companies and manages private equity funds. It primarily invests in
consumer and industrial goods and retail services. The firm typically acquires a majority stake in its
portfolio companies and makes control investments, with a focus on Asia Pacific, South, and SE Asia.

About Novo Tellus Capital Partners

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Novo Tellus Capital Partners is a private equity firm that primarily makes control buyout investments in
small and medium-sized companies in SE Asia. It seeks to invest in information technology, industrial
manufacturing, healthcare and clean technology sectors. The firm works in partnership with experienced
management teams and business owners to grow their businesses organically, as well as through strategic
acquisitions and regional & global market entry. Novo Tellus Capital Partners was founded in 2010, and
is based in Singapore, with an office in Beijing, China.

About MFS Technology

MFS Technology Ltd designs, manufactures, and distributes flexible printed circuits and associated
assembly worldwide. The company offers FPCs, flex-rigid/rigid-flex, rigid PCBs, and semiconductor
substrates. It also provides turnkey component assembly services and module level integration. The
company offers its products for use in applications in the telecommunication, consumer electronics,
automotive, military/aerospace, industrial, medical, computer/peripheral, and network industries. The
company was founded in 1988 and is headquartered in Singapore.

About BDA Partners

BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and
capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a
track record of providing independent advice to blue-chip corporate and financial sponsor clients from
North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai,
Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named
Investment Bank of the Year 2017 by both The M&A Advisor and ACG New York. BDA formed
partnerships with William Blair & Company in 2011, and Development Bank of Japan in 2017.

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Contact Information:
BDA Partners
Euan Rellie
Contact via Email

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