TPG and Affinity in $1.6 Billion Semiconductor Services Acquisition

July 17, 2007

Cleary Gottlieb is representing TPG and Affinity Equity Partners in their S$2.2 billion (US $1.6 billion) United Test and Assembly Center Ltd. acquisition under a leveraged scheme of arrangement.

Singapore-listed United Test is a leading independent provider of semiconductor device test and assembly services, including memory, mixed-signal/RF and logic integrated circuits.