A group of investors agreed to acquire Compart Systems Pte, Ltd from Platinum Equity, LLC for approximately $410 million on November 11, 2020. Group of investors signed a share purchase agreement to acquire acquire Compart Systems Pte, Ltd from Platinum Equity, LLC on November 12, 2020. Group of investors includes Shanghai Wanye Enterprises Co.,Ltd (SHSE:600641), Eternity Trend International Limited, QM163 Limited, Ningbo Taiji Enterprise Management Consulting Partnership (Limited Partnership), Henan Hongchu Equity Investment Fund (Limited Partnership), Shenzhen Huiyou Haochuang Technology Investment Partnership Enterprise (Limited Partnership), Zhiyi High Purity Electronic Materials (Shanghai) Co., Ltd., Qingdao Minhe Xiangyuan Investment Center (Limited Partnership) and Haining Industrial Asset Management Co., Ltd. The consideration is subject to adjustments and is payable in cash. As of June 30, 2020, Compart Systems reported total assets of $119.7 million and net assets of $32.2 million. The transaction is approved by the Board of Directors of Shanghai Wanye Enterprises on November 11, 2020. Paul DiGiacomo, Simon Kavanagh, David Kim, Jeffrey Wang, Evan Yang and Eddie Kuo of BDA Partners acted as financial advisor for Platinum Equity, LLC and Tom Lin, Matthew Truman, Charlotte Leung and Shawn Tan of Clifford Chance US LLP acted as legal advisor for Platinum Equity, LLC. CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor, Fangda Partners acted as legal advisor, and Deloitte Consulting (Shanghai) Co Ltd and Shanghai Deloitte Tax Ltd. acted as financial and tax due diligence advisors for Shanghai Wanye Enterprises Co.,Ltd (SHSE:600641).

A group of investors completed the acquisition of Compart Systems Pte, Ltd from Platinum Equity, LLC on December 21, 2020.