Navis Capital Partners Agrees to Sell Golden Foods Siam to BRF for US$360 Million (Asia)
Source: BRF, Asian Venture Capital Journal | Author(s): Tim Burroughs
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell Thailand-based poultry producer Golden Foods Siam (GFS) to Brazil-listed food producer BRF for US$360 million. Navis originally invested in GFS in 2009 and is reportedly set for a 3.4x return on its investment. The transaction is subject to regulatory approval in Japan and Germany.