Navis exits India's Classic Stripes through promoter buyback
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
Navis bought a 51% stake in Classic Stripes, which makes automotive graphics for the retail after-market and for corporate fleets, for $100 million in 2011. The company is part of the Astarc Group, also...
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