Navis Management
LPACs: Conflicts and complexity
The combination of a maturing Asian private equity landscape and a fast-emerging continuation fund opportunity is placing greater emphasis on the role of the LP advisory committee
Navis seeks up to $1.3b for ninth Asia fund
Navis Capital Partners wants to raise as much as USD 1.3bn for its ninth Asia fund, which is being primed for a formal launch early in the new year.
ESG backlash: Turbulent tailwinds
The strong momentum behind sustainable and responsible investment policies globally has begun to ruffle feathers in the US. Asian private equity should recognise this as a relevant warning
Asia private credit: Muffled momentum
The conservative virtues of private credit relative to private equity have come into fashion in a risk-off world. But global participation in the Asian side of the story will be limited
Southeast Asia, China GPs bullish on exits in 2023
Investors targeting Southeast Asia and China told the Hong Kong Venture Capital & Privat Equity Association's (HKVCA) Asia forum that they were encouraged by liquidity events in 2022 and expect to see more exit opportunities this year.
Navis exits Singapore's Adampak after 10-year hold
Navis Capital Partners has sold 100% of Singapore-based Adampak, a diversified manufacturer specialising in labels and barcode stickers, to Oji Imaging Media, a leading Japanese paper company.
Navis exits medical cold chain player to US strategic
Navis Capital Partners has sold 100% of B Medical Systems, a Luxembourg-based biotech cold chain provider with significant Asian operations, at an enterprise value of EUR 460m (USD 469m).
Deal focus: Navis penetrates Thai hospital segment
Navis Capital Partners’ acquisition of NP Medical extends its coverage of the Southeast Asia hospital space to a third geography while tapping into a general trend towards specialty providers
Navis buys majority stake in Thai hospital operator
Navis Capital Partners has invested an undisclosed sum for a majority position in NP Medical, owner and operator of S-Spine, a spine and nerve specialty hospital in Thailand.
Navis enters Asia credit space
Navis Capital Partners has launched a credit unit that will provide financing to companies in Asia that require growth capital but are reluctant to bring in equity investors.
Navis backs Singapore expansion for family office software provider
Navis Capital Partners has led a USD 38m Series C round for Eton Solutions, a US software provider for family offices currently establishing a Singapore office.
Navis exits Hong Kong's Texon to global strategic
Navis Capital Partners has exited its entire controlling position in Hong Kong footwear components supplier Texon to UK-listed Coats Group for an enterprise value of USD 237m.
Deal focus: Software Combined sees sense in aggregation
Backed by majority owner Navis Capital Partners, Australia-based Software Combined wants to reach up to USD 35m of EBITDA within three years through acquisitions of smaller B2B players
Navis backs Australasia software aggregation platform
Navis Capital Partners has invested in Software Combined, an Australia and New Zealand-based aggregator of software providers that cater to specific niches or B2B verticals.
PE-owned Fitness First winds down in Hong Kong
Private equity-owned Fitness First has wound down its Hong Kong business, which accounts for eight out of approximately 90 centres in a network that extends into Southeast Asia, as pandemic-related restrictions took their toll.
Navis poised for 6x return on TES-Envirocorp
Navis Capital Partners is set to generate a 6x return on its investment in Singapore-based TES-Enivrocorp, following an agreement to sell the environmental services provider to Korea’s SK Ecoplant at a valuation of USD 1bn.
Navis sells Asia inspection business to CDPQ
Navis Capital Partners has sold its minority interest in Qima, an Asia-focused testing, inspection, and certification (TIC) business to Caisse de dépôt et placement du Québec (CDPQ), following a four-year holding period.
Asia exits: Pass the parcel
Sponsor-to-sponsor exits are set to reach a record high in Asia this year as private equity firms increase velocity of deployment and some strategics remain in a pandemic-induced funk
ESG best practice: From global to granular
The value creation-driven PE playbook on ESG in Asia converts marginal gains into big picture policy wins – provided investors focus on the right areas and the flow of information isn’t stymied
Southeast Asia fundraising: Indecision time
Southeast Asian GPs jockey for global attention with mixed results as the largest LPs continue to hesitate to commit to the region. A trickle of investment fuels theories about how to get more
Navis raises $900m for Fund VIII, closes Fund VI continuation
Navis Capital Partners has closed its eighth regional fund at $900 million, while also securing $450 million for a continuation vehicle that features five companies from its sixth fund.
Longreach buys pulp and paper industry supplier from Navis
The Longreach Group has acquired a majority interest in Amazon Papyrus Chemicals Holdings, a Hong Kong-headquartered chemical solutions provider to the pulp and paper industry, from Navis Capital Partners.
Deal focus: Navis targets hospitals in the hinterlands
The Southeast Asian manager will commit up to $100 million to hospital roll-up strategy intended to address rising demand for private healthcare in Malaysia’s underserved territories
Navis acquires Malaysia hospital developer
Navis Capital Partners has acquired a majority stake in Malaysia-based hospital developer Aurelius Healthcare for an undisclosed sum.