There is always a danger that private equity investors will fall in love with certain portfolio companies and never want to exit. Navis Capital Partners came close with Trimco International Holdings. The Malaysia-based PE player took a controlling stake in the garment label manufacturer in 2005 and came to see it as a consistent, cash generative operation that expanded seamlessly into new markets.
"At some point you have to ask whether you have the chance to monetize the business in a way that is fair and equitable," says Rodney Muse, Navis' co-managing director. "We harvested all the low-hanging...
Ekuinas, a private equity firm backed by the Malaysian government, has acquired a 35% interest in Al-Ikhsan Sports, the country’s leading sportswear retailer, for MYR68.6 million ($16.9 million).
Eight Roads Ventures has led a $15 million Series B round of funding for Paidy, a cardless payment and instant credit service offered by Japanese financial technology platform Exchange Corporation.
Japanese corporate analytics platform Abeja has raised a JPY530 million ($5 million) Series B round from Innovation Corporation of Japan (INCJ) and Archetype Ventures.
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.