Precision Solutions, a subsidiary of Singapore-based private equity firm Northstar, has acquired precision machined parts maker Innovalues in a takeover deal worth $238 million. Following the acquisition, Innovalues was delisted from the Singapore stock exchange. The move follows Northstar's earlier bid for component manufacturer Spindex, which was dropped.
Precision Solutions, a subsidiary of Singapore-based private equity firm Northstar, has acquired precision machined parts maker Innovalues in a takeover deal worth $237m. Following the acquisition, Innovalues was delisted from the Singapore stock exchange. The move follows Northstar's earlier bid for component manufacturer Spindex, which was dropped.