Cornell Capital completed the acquisition of a majority stake in Advantek from Tinicum.

Cornell Capital, a private equity firm, completed the acquisition of a majority stake in Advantek, a provider of carrier tape and associated protective packaging products, from Tinicum, a private investment firm. Financial terms were not disclosed. "As strong secular market trends in component miniaturization and electrification continue to drive increased high-precision carrier tape and component demand, Advantek is well-positioned to capitalize on attractive opportunities for continued growth globally. We look forward to leveraging our deep cross-border expertise to accelerate Advantek's growth in key international markets," Allen Chu, Cornell Capital Partner and Head of Asia.