Visual of Northstar Group homepage. October 2016 Private equity (PE) firm Northstar said it had completed its S$331.4 million ($238 million) acquisition of Singapore-listed precision machined parts maker Innovalues Ltd.
Precision Solutions, a subsidiary of Singapore-based private equity firm Northstar, has acquired precision machined parts maker Innovalues in a takeover deal worth $237m. The acquisition is the latest move by Precision Solutions to expand into new markets and boost its presence in Asia as it seeks to grow sales beyond North America. The move follows Northstar's earlier bid for component manufacturer Spindex, which was dropped.