Navis Capital Partners Acquires a Majority Stake in Tri-Star Industries (Asia)

Source: Asian Venture Capital Journal | Author(s): Tim Burroughs

Asia-focused private equity firm Navis Capital Partners has acquired a majority stake in Singapore-based Tri-Star Industries, a component manufacturer for the oil and gas sector, for between US$50 million and US$100 million. Navis and company management intend to consolidate Tri-Star's position in its core segments. The company specializes in corrosion-resistant products.