According to sources, Blackstone Inc. is exploring a sale of Interplex's information and communications technology (ICT) unit. The potential deal could value the business at over $1 billion. Blackstone is working with a financial advisor, indicating the process is in its preliminary stages. Interplex, based in Singapore, was acquired by Blackstone in 2022.

This potential sale comes as private equity firms and industry players show interest in the ICT unit. Interplex produces components for electric vehicles, autonomous driving, medical, and cloud computing sectors. The ICT division provides solutions for networking, servers, and mobile devices. This move reflects a broader trend of private equity firms reevaluating their portfolios.

Blackstone acquired Interplex from Baring Private Equity Asia, now part of EQT AB, in 2022. The sale, if it proceeds, could signal Blackstone's strategic shift or a desire to capitalize on the current market. The valuation of over $1 billion would be a significant deal.

Investors will be watching to see if a deal materializes and what the final valuation will be. The sale could impact the competitive landscape within the ICT component market. Further announcements regarding potential buyers and the transaction's progress are anticipated in the coming weeks.