Precision technologies , a subsidiary of uk - based private equity firm Northstar , has acquired precision machined parts manufacturer Innovalues in a takeover deal worth $ 500 m . Following the acquisition , Innovalues was delisted from the Singapore stock exchange . The move follows Northstar 's earlier bid for automotive 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.