Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
The acquisition was made through Safe Label Group, an investment holding company controlled by the $1.17 billion Navis Fund VI, which was established in September 2008. The offer of S$0.42 per share, represents...
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