Navis Capital Partners Exits Indian Portfolio Company (Asia)

Source: Navis Capital Partners

South and Southeast Asia-focused private equity firm Navis Capital Partners has sold its majority stake in Indian financial products distributor Andromeda Sales and Distribution (Andromeda DSD) to Casa Capital Management, a financial services holding company. Navis acquired Andromeda DSD through Navis Asia Fund V in December 2007. Financial terms of the transaction were not disclosed. The sale is Navis’s fourth exit in recent months, following divestments of Dunkin’ Donuts and Au Bon Pain in Thailand and Trimco in China.