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A Citigroup Inc. private equity affiliate is acquiring New Jersey-based Ness Technologies Inc., a global provider of information technology solutions and services, in an all-cash transaction valued at approximately $307 million.
In a June 10 press release, Ness said it has signed a definitive agreement to sell to an affiliate of London-based Citi Venture Capital International, which is part of Citi's Citi Capital Advisors.
Under the terms of the agreement, Ness...