VCs SmartFin Capital and PMV have exited Belgium-based Newtec in an agreement that sees Singapore Technologies Engineering (STE) wholly acquire the satellite communications company.
Management team retains a minority stake in electrical engineering company Cesa-cap
Creamy Creation will retain its management team but Wagram will bring in a managing director
Company plans to consolidate its market position, and further expand internationally
New recruit will take on the role of investment and portfolio director at the growth capital firm