Navis commits up to $150m to SE Asia e-waste specialist
Navis Capital Partners has acquired a majority interest in TES-Envirocorp, a Singapore-headquartered electronic waste (e-waste) company. According to sources familiar with the transaction, the GP invested $100-150 million.
The deal values TES-Envirocorp at $175-250 milllion, or just over 7x EBITDA for the fiscal year ended April 2013. Navis acquired its stake from two parties: a passive investor group, which has now fully...
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