Navis in 10x Sale to Partners Group (Asia)
Source: PE Asia
Zug, Switzerland-based asset manager Partners Group has directly acquired Hong Kong-based business TrimCo, a provider of labels, tags and trimming products to apparel companies worldwide. Partners bought the stake from Southeast Asia-focused private equity firm Navis Capital. Navis bought a 70 percent stake in TrimCo in 2005 for US$11.1 million, and revealed the transaction with Partners was worth US$111.4 million.