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. 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.