PE-VC Fund Investments
Electronics mfg services provider SFO Tech raises Rs.750-Cr led by Trident Growth, Amicus Capital
Kochi-based electronics manufacturing services provider SFO Technologies , along with its subsidiaries, has raised over INR 750 crore in a funding round led by Trident Growth Partners and Amicus Capital Partners. Other investors who participated in the round include Anicut Capital (via Anicut Continuum Equity Fund) and HDFC AMC (via HDFC AMC Select AIF FOF-1).o3 Capital acted as the exclusive financial advisor to SFO on this transaction.SFO offers vertically integrated design-to-manufacturing capabilities across its 24 units in Kochi, Bangalore and Pune. It claims to have cultivated decades-long relationships with Fortune 500 clients across industrial, medical, aerospace, energy, transportation and communication sectors. The fresh capital will be deployed to significantly expand manufacturing capacity over the next two years. It would also pursue backward integration through components manufacturing and strengthen the company’s global footprint to become a truly global EMS (electronics manufacturing services) player.
Between Apr 2006 and May 2011, SFO Technologies had attracted about USD 49 M from TrueNorth, AMCG, Franklin Templeton Private Equity Strategy Fund and IIML.For FY24, SFO Technologies had reported about INR 2,462 Cr in Operating Income and about INR 57 Cr in PAT.
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