Private equity firms Asia-IO Capital and Wise Road Capital agreed to acquire a 55.6% stake in ASM Materials, a semiconductor packaging materials business of ASM Pacific Technology, a provider of semiconductor back end equipment, for $200m. “ASMPT is a world-class leader in the semiconductor value chain and we have full confidence in the technology, quality and operations leadership of ASMPT’s Materials Segment. Wise Road Capital’s senior management team brings a good combination of finance expertise and industry expertise to support the success of the strategic joint venture. We believe that the additional financial resources and industry network the new shareholders will bring in, plus a sharp focus on growing the Materials business together with ASMPT, will bring the success of the strategic joint venture to the next level,” Fai Yeung, Wise Road Capital Managing Partner.