Deals
Baring Asia Makes S$449.6 Million Offer for CVC-Backed Interplex
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Baring Private Equity Asia is offering S$449.6 million ($320 million) to buy Interplex Holdings Ltd., a Singapore maker of precision components backed by CVC Capital Partners.
The buyout firm will pay 82 Singapore cents a share, a 15 percent premium over its last traded price on Wednesday. The price was the winning bid from a competitive sales process earlier this year by CVC and Standard Chartered Private Equity, which jointly own 57.7 percent of Interplex.