Deals Digest: Ascendent makes $1.6b bid for Hollysys; NPS invests in US-based Stockbridge

Deals Digest: Ascendent makes $1.6b bid for Hollysys; NPS invests in US-based Stockbridge

Photo: Bloomberg

China-focused private equity firm Ascendent has offered to acquire Hollysys Automation Technologies for $1.6 billion, while Korea’s National Pension Service has invested in Stockbridge.

Edited by: Joymitra Rai