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FountainVest Partners, an Asian private equity firm, led a consortium to acquire a majority stake in SPT Group (Small Precision Tools), a micro miniature products manufacturer with over 1,000 employees worldwide. The founding family retains a minority stake.
Bosch and MAHLE plan to sell their joint venture Bosch Mahle Turbo Systems (BMTS) to private equity firm FountainVest Partners. A contract was signed on September 6, 2017.