MANAMA, BAHRAIN – An investment group on this Indian Ocean island nation has purchased a majority stake in EMS provider Victron.
 
Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.

"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.


Victron has a 130,000 sq. ft. manufacturing plant in Fremont.


"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."

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