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 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 .