Announced
Financials
Tags
passive components
steel and plastic
mobile telecommunication
United States
Pending
Friendly
Diversified Industrials
Acquisition
Majority
Private Equity
Private
Cross Border
Single Bidder
Synopsis
Wise Equity, a company active in the management of closed-end investment funds, agreed to acquire a majority stake in WANHO, the supplier of passive components and accessories for the cellular and microwave telco industry, from JH Whitney Capital Partners, a venture capital firm. Financial terms were not disclosed. “I am thrilled to begin this new journey with the Company’s new shareholders. We share the same vision and values with them, and this is the perfect partnership to continue to serve our customers in the best way possible – with additional energy and additional products to be built through the cooperation of Fimo’s engineers alongside WANHO’s deep manufacturing roots,” Dave Elliott, WANHO CEO.
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