Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
The initial investment, made by Navis alongside company management, has been used to buyout Kencana, which backed Strateq in 2006. The private equity firm will also be subscribing to new shares via a...
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