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Temasek may seal the deal with private equity firm Bridgepoint Group as early as this week, Bloomberg reports.

Element Materials Technology is one of the world's leading global providers of testing, inspection and certification services for a diverse range of products and technologies.

Singaporean state-owned investor Temasek Holdings Pte is nearing a deal to buy testing company Element Materials Technology from buyout firm Bridgepoint Group PLC for almost US$7 billion, people familiar with the matter said. Temasek, which is a minority owner in the business, could announce an agreement within one week, said the people, who asked not to be identified because discussions are private. UK-listed private equity firm Bridgepoint reportedly began exploring a sale late last year. The business was expected to draw interest from other buyout firms as well as strategic investors, sourc...

SINGAPORE (Reuters) -Singapore's Temasek Holdings has agreed to buy Element Materials Technology for about $7 billion, as it sees an opportunity to boost growth at the testing and inspection services provider, two sources familiar with the matter said.

Private equity firm KKR & Co. is among suitors competing to acquire Bank of New York Mellon Corp.'s credit investment arm Alcentra.