Reuters SG
Chinese private equity firm Wise Road Capital is in advanced talks to buy Singapore's Innovalues Holdings from Northstar Group, two sources with knowledge of the matter said. Singapore-headquartered private equity firm Northstar was aiming for a sale that could value the precision machine parts maker at over S$500 million ($377 million), Reuters reported in February. The firm has since hired boutique investment bank Rippledot Capital to advise on the sale, said the sources, who declined to be named as the information was confidential.