The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and the private equity firm was at it again, acquiring a majority stake in Dome for an undisclosed sum.
The process, as described to AVCJ, was fairly straightforward. Navis and the Dome management team had stayed in touch and, with the company's existing backer looking to exit, a conversation happened. Dome...
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