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...
CVC Capital Partners has once again entered into a partnership with Indonesia’s Lippo Group, agreeing a IDR2.2 trillion ($165.7 million) deal to invest in Siloam International Hospitals, which is controlled by the Riady family-owned business.
Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
New Zealand’s Spotlight Reporting, a cloud-based accounting services provider, has received NZ$5 million ($3.6 million) in Series A funding from investors including the Global from Day One (GD1) Fund II.
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.