Bizlink Holding, a Taiwanese manufacturer of cables, connectors, and power distribution systems, has agreed to buy the information and communications technology unit of Blackstone’s Interplex for $850 million in cash. The deal includes an additional $50 million earnout and is expected to close in the second half of 2026, CEO Felix Teng said at a briefing in Taipei on Wednesday.
Bizlink is a partner of Nvidia and supplies interconnect solutions for data centres, servers, and AI hardware. The acquisition gives Bizlink access to Interplex Datacom’s customer base in networking enclosures, servers, disk drives, wearables, and mobile devices.
The Blackstone arithmetic
Blackstone acquired all of Interplex from Baring Private Equity Asia in 2022 for $1.6 billion. Selling just the ICT unit for $850 million, with a potential $50 million earnout on top, means Blackstone is recovering more than half its original outlay from a single division.
Bloomberg reported in January that Blackstone was exploring a sale of the ICT unit at a valuation above $1 billion. The final price of $850 million represents a discount of roughly 15% from that initial asking range.
