Transformative Triumph: Novo Tellus Wins Prestigious PE Deal Award for TDConnex Investment

Singapore-based investment firm Novo Tellus has garnered the 2025 Private Equity Deal of the Year award from the Singapore Venture Capital & Private Equity Association (SVCA) for its strategic investment in TDConnex. The firm, known for its focus on the global supply chain, has demonstrated the transformative power of private equity through its collaboration with TDConnex founder Thanga Venkatachalam.

Working closely with Venkatachalam, Novo Tellus restructured TDConnex into an independent, Singapore-based global manufacturing platform. The firm helped TDConnex grow into a hyperscale manufacturing leader, with significant expansions into India and a new headquarters in Singapore. This agreement underscored the potential of private equity to revolutionize industries.

According to Keith Toh at Novo Tellus, their approach defied the traditional investment strategy by creating a joint business plan with Venkatachalam. The remarkable collaboration led to a trusted partnership and an ambitious global strategy for component manufacturing. The SVCA award celebrates this exemplary investment, which has already surpassed initial expectations and set a new benchmark in the industry.