Navis Management
Vietnam healthcare: Early days
Hospitals attract most of the capital and interest aimed at Vietnam healthcare. Macro tailwinds are benefiting other parts of the services ecosystem as well, but GPs don’t want to jump too early
Vietnam middle market: Room for maneuver
There is a perceived sweet spot in Vietnam where check sizes are too big for local GPs and too small for pan-regionals. Taking advantage means addressing structural nuances and strategic competition
ESG & operations: Compliance corner
Few mid-market private equity firms in Asia have dedicated ESG personnel and this is not necessarily an obstacle to progress. As compliance and reporting burdens increase, the status quo may change
Private equity & cybersecurity: Dark clouds
From fraudulent drawdown notices to ransomware, private equity firms and their portfolio companies are increasingly vulnerable to cyber-attacks. Training and vigilance are paramount
COOs in Asia private equity: Horses for courses
The COO role is gradually becoming more prevalent in Asian private equity, but GPs struggle to find the right combination of financial skills and business acumen. The optimal candidate is often internal
Navis invests in Singapore fintech supplier Moneythor
Navis Capital Partners has made an investment of undisclosed size in Moneythor, a Singapore financial technology supplier focused on digital banking.
Future Fund names new CIO, hires PE executive from Navis
Australia’s Future Fund has appointed Sue Brake as its new CIO and brought in Kelvin Mak, formerly of Navis Capital Partners, as a director in the private equity team.
Asia consumer & brands: Mark tank
Local consumer brands in developing Asian markets are beginning to displace established global players. Investors are supporting the uprising and contemplating global breakouts of their own
Asia exits: Liquidity lags
Private equity exits – outside of the public markets – are gradually emerging from a COVID-19 hibernation. But sellers must be mindful of timing, structure, and which buyers they are targeting
Deal focus: COVID-19 prompts Modern Star exit rethink
Navis Capital Partners' 3.5x return on Australian educational resources supplier reflects how the business proved resilient in the face of COVID-19, but the pandemic still played havoc with the exit process
Navis sells Australia education business to PEP
Navis Capital Partners has sold Australian educational resources provider Modern Star to local private equity firm Pacific Equity Partners (PEP) at an enterprise valuation of about A$600 million ($433 million).
Navis exits Malaysian business solutions player
Navis Capital Partners has sold its controlling stake in Malaysian IT firm Strateq to a local subsidiary of Singapore telecommunications company StarHub.
Navis acquires Cambodia international school
Navis Capital Partners has acquired CIA First International School in Cambodia for an undisclosed sum.
Asia gyms: Muscling through the mire
Fitness centers have continued to woo investors during COVID-19 despite patchy progress in the reopening of gyms and difficult-to-digitize business models
Coronavirus & due diligence: Split screen
Finding the right balance between offline and online communication for completing due diligence processes is a tricky endeavor for PE and VC investment professionals in Asia
Portfolio: Navis Capital Partners and Hanoi French Hospital
Navis Capital Partners has taken a boutique private hospital to a new level of competence and professionalism just in time for the biggest healthcare emergency in living memory
Coronavirus in Asia: Ongoing analysis
Coronavirus concerns among GPs not solely focused on China vary based on their direct or indirect exposure to China, but gauging private equity responses to the crisis is like chasing a moving target
Coronavirus in China: Back from the brink
China GPs are trying to navigate the coronavirus uncertainty and help portfolio companies pick up the pieces, whether that means cutting costs or realizing new revenue streams
Portfolio level HR: Human traffic
Private equity firms in Asia are paying more attention to recruitment at the portfolio level, in some cases allocating dedicated in-house resources. How is it impacting attitudes towards leadership change?
China PE: Tipping point?
Uncertainty continued to weigh on China private equity deal flow last year, leaving plenty of capital sitting on the sidelines waiting to reengage. GPs see diversification as an antidote to competition
PE & QSR: Dining disrupted
With ubiquitous delivery services, ordering apps that learn user preferences, and intelligent inventory management, technology is changing China’s restaurant industry. Operators are in a race to stay relevant
ESG in Asia: Maturing perspectives
Asian investors are growing more confident in their approaches to environmental, social, and governance issues, but policies must be flexible enough to handle unforeseen complications
Deal focus: Navis pursues durian farm modernization
Nearly $100 million has been earmarked for the development of upstream farming and downstream processing so that Chinese buyers can have faith in Malaysia's durian suppliers
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines