Northstar in US$72.5 Million Singapore Deal (Asia)
Source: PE Asia | Author: Michelle Phillips
Indonesian private equity firm Northstar Pacific Capital will acquire a 50.05 percent stake in Singaporean telecommunications company Nera Telecommunications. Northstar’s newly incorporated unit, Asia Systems, will purchase the stake from Norwegian electronics and energy company Eltek for SGD89 million (approximately US$72.5 million). Northstar reportedly intends to make offers to Nera’s remaining shareholders to purchase a greater stake in the company.