#Singapore #Private Equity #Novo Tellus #TDConnex

Novo Tellus Achieves Private Equity Excellence

In a remarkable showcase of successful investment strategies, Novo Tellus, a prominent investment firm based in Singapore, has been honored with the Private Equity Deal of the Year award from the Singapore Venture Capital and Private Equity Association (SVCA). This accolade highlights their outstanding investment in TDConnex, a company specializing in advanced manufacturing.

The Transformative Journey

Novo Tellus's journey with TDConnex has been marked by a collaborative spirit and innovative restructuring. Over the course of more than a year, entrepreneur Thanga Venkatachalam, the CEO of TDConnex, partnered with Novo Tellus to revolutionize the company. Together, they crafted a comprehensive business plan aimed at transforming TDConnex into a standalone, Singapore-based entity with a robust global footprint across the electronics manufacturing sector.

With an annual production surpassing 4 billion components across 3,000 different parts, TDConnex stands at the forefront of supplying essential elements that drive over 1 billion electronic devices worldwide. This scale of production not only underscores the company's significant impact on the tech industry but also its commitment to supporting leading electronic innovators globally.

A Partnership Built on Trust

The investment initiative culminated in April 2024 and was done in collaboration with 65 Equity Partners, along with several co-investors from Novo Tellus. This strategic partnership enabled TDConnex to expand its operations, including the establishment of its inaugural factory in India and the unveiling of its new global headquarters in Singapore. Keith Toh from Novo Tellus emphasized that their methodology of 'building rather than merely studying businesses' played a pivotal role in shaping TDConnex’s trajectory.

Accepting the award, SVCA recognized the transaction as the most fiercely contested among its accolades, setting Novo Tellus apart as a leader in the private equity landscape for reimagining industrial sectors.

The Vision for the Future

Reflecting on this triumph, Keith Toh remarked, “Unlike typical private equity investments that commence with due diligence reviews, our journey began through engaging dialogues with Thanga. Together, we meticulously crafted a 40-page business plan.” This partnership is emblematic of Novo Tellus's ethos of fostering strong relationships with visionary leaders, thus enabling ambitious growth strategies.

In an expressive sentiment, Thanga Venkatachalam recounted, “The foundations of TDConnex were laid for exceptional talents to unite with unparalleled manufacturing capacities, aimed at empowering innovators. The clarity with which Novo Tellus comprehended our aspirations and operational needs was pivotal for our advancement.”

This fruitful association not only won accolades but set up an entrepreneurial dynamic where creativity meets capability, propelling TDConnex into a promising industrial future.

About Novo Tellus

Novo Tellus operates with a focused mission on enhancing the $2 trillion global supply chain landscape. With more than $1 billion in assets under management, the firm is renowned for developing strong collaborative relationships with business founders to unleash growth potential in their enterprises. Their investor base comprises individuals with rich experiences in engineering, operations, entrepreneurship, and investments, all committed to delivering informed and empathetic support to transform ambitious visions into reality.

About TDConnex

As a key player in the advanced electronic components sector, TDConnex is dedicated to aiding global tech giants in bringing groundbreaking products to market. With micro-precision components found in over a billion technology products worldwide, TDConnex exemplifies innovation and quality in their manufacturing processes. Their continued focus on the next generation of electronic products signifies a commitment towards shaping the technological landscape of the future.

The recognition of their partnership stands as a testament to the synergistic energy between Novo Tellus and TDConnex, signaling an exciting future filled with potential.