Navis Management
Navis sees 10x return on Trimco exit
There is always a danger that private equity investors will fall in love with certain portfolio companies and never want to exit. Navis Capital Partners came close with Trimco International Holdings. The Malaysia-based PE player took a controlling stake...
Man in the middle: Placement agents in Asia
Placement agents are building up resources in Asia as the region becomes more significant as a fundraising location. Some GPs are keen to build long-term relationships, but others take more convincing
Navis exits label manufacturer Trimco to Partners Group
Navis Capital Partners has sold its majority stake in Trimco International Holdings to Partners Group. The size of the deal was not disclosed but the combination of exit proceeds and dividends received over a seven-year holding period will leave Navis...
Ekuinas completes buyout of Tanjung's marine vessel assets
Ekuinas, the Malaysian sovereign wealth fund, will buy the 76% of Tanjung Offshore’s marine vessel services arm it doesn’t already own for MYR220 million ($72.5 million) in cash. The asset, Tanjung Kapal Services (TKS), operates 16 offshore vessels and...
Navis mulls buying Twilight Litaka stake
Malaysia-based Navis Capital Partners is in negotiations with Indian pharmaceutical company Twilight Litaka Pharma about a potential cash injection of $1.5 billion ($29 million) in the firm.
Navis takeover bid values SEGi at $360m
Navis Capital Partners has confirmed that it has made an unconditional takeover offer for Bursa Malaysia's main market-listed SEG International Berhad. The offer values the private tertiary education provider at MYR 1.1 billion ($360 million).
Navis' Adampak takeover offer now unconditional
Navis Capital Partners has announced that its S$110.7 million ($87.9 million) takeover offer for Singapore-listed Adampak has become unconditional, making its proposed acquisition of the label company almost guaranteed.
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.
Navis in PIPE deal for Malaysia's SEGi
Malaysia-based Navis Capital Partners has acquired at least 21.5% of SEG International (SEGi), the second largest private education group in Malaysia by sales, in a PIPE transaction.
Cross-border consumer forces
A combination of risk and escalating valuations make some consumer-oriented investors wary of Indonesia. Building a scalable brand elsewhere in the region is a lower-risk route into the country
Kotak PE invests $25m in Minda Corporation
Kotak Private Equity Group (KPEG), part of Kotak Mahindra Group, has reportedly invested INR1.25 billion ($25 million) for a minority stake in automotive component firm Minda Corporation.
Dunkin' Donuts exit reflects consumer appeal
Fast food is a popular commodity among private equity investors in Southeast Asia who are drawn to any asset that could be interpreted a play on rising regional consumption.
Navis exits Dunkin' Donuts, Au Bon Pain in Thailand
Navis Capital Partners has completed the sale of its stake in Dunkin’ Donuts and Au Bon Pain in Thailand to local-listed Sub Sri Thai Public Company (SST) for THB1.32 billion ($41.6 million). It has secured an approximately 2.45x on its initial investment....
Navis-backed EKH bolts on Chinese depot operator
Eng Kong Holdings (EKH), the Singaporean container-services company owned by Navis Capital Partners, has acquired an 85% stake in Best China Development for S$14.3 million ($11.1 million).
Navis reaps 50% IRR on King's trade sale
Navis Capital Partners has given its investors reason for cheer. Not only did the firm exit its 2008 investment in King’s Safetywear last week for well above 50% IRR (4-5x money multiple), it also signed off the buyout of the field marketing and retail...
Navis acquires marketing units from Australia's Photon Group
Navis Capital Partners has purchased the field marketing and retail units of Australian marketing services firm Photon Group for $146.5 million, valuing the company at 7x EBITDA. According to Photon, the completed transaction would leave the company debt...
Navis sells King's Safetywear to Honeywell International
Navis Capital Partners has exited its undisclosed majority stake in Southeast Asian industrial footwear brand King’s Safetywear to Honeywell International for an enterprise valuation of S$430 million ($338 million).
Towers Watson hires professionals from Squadron, Navis
Professional services provider Towers Watson has appointed Richard Tan and Agnes Lee as senior private markets consultants in Hong Kong. As part of the company’s private markets research team, they will focus on helping private equity firms and other...
Navis plans for King's Safetywear exit - report
Navis Capital seeking buyers for Southeast Asian footwear brand King’s Safetywear.
Private equity's fashion fix
Fashionable women the world over aspire to own something – a handbag, a coat, a pair of leather pumps – by a designer of such legacy and prestige as Valentino. But in May 2007, global private equity investor Permira pulled the ultimate one-upmanship:...
The Asian office: Regional, local or both?
I've said before that it's high time GPs based in US and Europe resume plans to set up offices in Asia. Before these ambitions were mothballed during the global financial crisis, I was often asked where in the region it is best to locate an office. The...
You're only as strong as your brand name
I was surorised by the number of LPs at the recent AVCJ Private Equity & Venture Forum in the US that were familiar with the top tier private equity funds in Asia.
Islamic finance: From Middle East to Far East
Shari’Ah-compliant private equity investing is all about being ethical – so how exactly did one fund end up investing in a Malaysia-based company with ties to a brewery? Alcohol-related companies are, of course, strictly off limits for Islamic investing....
Navis takes majority stake in Indian auto-graphic firm
Navis Capital Partners has invested nearly $100 million for a majority stake in Mumbai-based Classic Stripes, a global manufacturer of graphics used on automotive vehicles, The Economic Times reported.