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Moventis Capital completes acquisition of PTL Electronics for US$7 million

Fasken
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Overview

Client

Moventis Capital

On November 27, 2006, Moventis Capital, Inc., a buyout and growth management company, announced it had closed the acquisition of electronics manufacturing services (EMS) company, PTL Electronics, Ltd. PTL is now a wholly-owned subsidiary of Moventis. PTL operates within the burgeoning $115 billion EMS sector and provides electronics manufacturing services to a niche market of companies looking to design and produce very high-end and complex products ranging from ultrasound machines to alternative fuel cells. The purchase price for PTL was $7 million, paid in a combination of cash, common shares and convertible debentures. Fasken Martineau advised Moventis Capital in this acquisition with a team comprised of Iain Mant and Deepak Gill.

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