Category: Press Release

Singapore, Friday, 29 September 2023 – Navis Capital Partners (“Navis”) is pleased to announce that Jack Ng and Nicholas Nugroho will join the Navis Asian Credit team as Directors based in Singapore and Jakarta, respectively.

Jack Ng will be responsible for sourcing, executing, and monitoring investments across Southeast Asia for the Navis Asia Credit strategy. Jack has over 10 years’ experience, including 6 years’ experience in private credit investing, having previously worked for The Rohatyn Group, VI Asset Management, and ADM Capital, where he was responsible for sourcing and executing private credit investments across Southeast
Asia.

Jack started his career at Lazard in the M&A team in London and Singapore covering consumer, retail, and TMT across Europe and Southeast Asia. Jack holds a MSc in Finance from Imperial College London and a BSc in Information Management for Business from University College London.

Nicholas Nugroho will be responsible for sourcing, executing, and monitoring investments for the Navis Asia Credit strategy, primarily in Indonesia and will open Navis’ new office in Jakarta. Nick has over 11 years’ experience in private credit and investment banking in Indonesia having previously worked for Deutsche Bank and Indies Capital.

Nick spent 6 years at Deutsche Bank in equity research before joining Indies Capital as a private credit investment professional. Nick holds a Bachelor of Economics from the University of New South Wales.

Nicholas Bloy, Managing Partner, Navis Capital, commented: “Navis’ Asia Credit strategy is an exciting initiative for us. The strategy leverages the Navis platform of more than 60 investment professionals to source deals and draws on the capabilities of our operations group to add value to businesses. The strategy will provide an alternative funding solution for businesses in the region that require partnership capital but are not ready for a controlling shareholder.”

Justin Ferrier, Managing Partner of Navis’ Asia Credit strategy, said: “We continue to build out our private credit team with talent well known by us. Jack and Nick are fantastic additions to Navis’ credit team and will help Navis to source and execute high-quality private credit investments in Southeast Asia, supporting the growth of small and medium-sized businesses.”

Jack Ng commented: “I am delighted to join the Navis Credit team. It is an exciting time for private credit as an essential and rapidly growing asset class in Southeast Asia. I look forward to working with the team to help build the Navis Asia Credit strategy.”

Nicholas Nugroho commented: “Indonesia is a high growth market, well suited to Navis’ Private Credit strategy where it is important to have a team on the ground with local knowledge and expertise. I am thrilled to be opening the new Navis office here in Jakarta.”

About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$5 billion in private equity capital, focusing on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational, and financial improvements. Navis has one of the largest professional teams in Asia, including more than 60 investment professionals, supported by more than 30 administrative staff, in six offices across the region. Since its inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners

Singapore, 22 September 2023 – Navis Capital Partners (“Navis”) is honored to have won the “ESG Award of Distinction” for its investment in Texon at the SVCA 31st Anniversary Gala & Awards Dinner.

Navis took majority control of Texon in April 2016 and worked closely with senior management team to strengthen Texon’s leadership in the footwear structural components market. Key operational initiatives included a series of dedicated investments into sustainability and innovation under the ZeroFootprint project with a strategic goal to decarbonize the product line and move away from petrochemical-based materials. This important pivot was exactly what the global footwear brands were looking for in their supply chain partners, and after extensive R&D, the substitution of high-carbon footprint materials with renewable organic sources led to considerable growth in Texon’s share of wallet. This elevated Texon’s revenue growth trajectory vs. that of the industry in general. In 2022, Texon was sold to UK-headquartered Coats Group plc, the world’s leading manufacturer of sustainable threads and trims to the global footwear and apparel industries.

Rodney C. Muse, Managing Partner at Navis commented, “We are honoured to receive the ESG Award of Distinction from SVCA. ESG is mission-critical to our business model and an area where we commit significant resources and strive for breakthrough transformations. Texon’s continued commitment to sustainability has shown that real change can be made even in an industry which has traditionally been challenging for ESG. We are grateful to have partnered and created value with the management at Texon and wish them continued success.”

About Navis Capital Partners

Founded in 1998, Navis manages approximately US$5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising over 100 professionals in six offices across the region. Since inception, Navis has completed more than 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers. Navis strongly believes that a commitment to creating best-in-class ESG practices leads to better investment outcomes andfundamentally stronger companies. Navis is a signatory to the United Nations-backed Principles for Responsible Investment (UNPRI) and a member of the IFRS Sustainability Alliance.

Contact details: Navis Capital Partners

Singapore, 9 March 2023 – Navis Capital Partners (“Navis”) is pleased to announce that Mili Mills has joined Navis as Managing Director and Head of Investor Relations and Capital Formation.

Based in Singapore, Mili is responsible for Navis’ investor relations and fundraising team. Mili was formerly a Partner and Head of International Distribution with First Avenue Partners, a leading global placement agent, where she led the capital raising teams across EMEA and Asia. Mili has a successful track record in raising capital across private credit, private equity and infrastructure with deep relationships with institutional investors including consultants, pension funds, insurers and family offices.

Mili previously held capital raising positions, as a Managing Director at Kempen Capital Management, a Dutch bank with €50 billion assets under management (“AUM”), and at Foresight Group, a private equity and infrastructure fund manager with £12 billion in AUM. Mili started her career at PricewaterhouseCoopers where she gained her ACA and worked within Transaction Services in London and Stockholm.

Nicholas Bloy, Managing Partner of Navis Capital, commented: “We are thrilled to welcome Mili to our team as the new Head of Investor Relations and Capital Formation. Mili’s extensive experience in the industry and proven track record of successfully raising capital and building strong relationships across a variety of asset classes makes Mili the most qualified candidate to lead our efforts in this critical function. We are confident that Mili’s expertise will be invaluable as we continue to grow and strengthen our relationships with our valued investors.”

Mili Mills commented: “I am delighted to be leading Navis’ investor relations and capital formation team. With over two decades of successful investing in Southeast Asia, Navis has established an exceptional reputation and network in the region, and I look forward to adding my global relationships. Navis has one of Southeast Asia’s strongest and largest investment teams with loyal backing by institutional investors across the globe, and I’m excited to be involved in further expanding Navis’ reach, especially with the recent launch of the Navis Credit Fund. Together, we’ll continue to explore new verticals and achieve even greater success.”


About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.


Contact details: Navis Capital Partners

Mili Mills
+65 9 390 8221
mmills@naviscapital.com

Singapore, Thursday, 1 September 2022: Navis Capital Partners (“Navis”) announced today the sale of its entire interest in Adampak Pte. Ltd. (“Adampak”) to Oji Imaging Media (“Oji Imaging”), a subsidiary of Oji Holdings Corporation, Japan’s leading manufacturer of paper products listed on the Tokyo Stock Exchange.

Headquartered in Singapore, Adampak is Southeast Asia’s largest independent label and precision die-cut parts providers, with nine manufacturing facilities across Singapore, Malaysia, Thailand, Indonesia, the Philippines, and China. With its complete portfolio of premium labels and precision die-cut components, Adampak offers a full suite of labelling solutions for multiple end markets.

Founded in 1979, Adampak was listed on the SGX-SESDAQ in 2004, upgraded to SGX Mainboard in 2007, and subsequently taken private by Navis in June 2012. During Navis’ ownership, Adampak continued to grow its operations across Southeast Asia, and expanded into Indonesia. In addition, Adampak further diversified its operations into industry verticals such as healthcare and automotive, as well as introduced digital printing and visual inspection capabilities across its network.

Jean-Christophe Marti, a Senior Partner at Navis, commented: “Adampak has been a good investment for us, with EBITDA compounding at 15% over ten years – which was certainly for longer than we originally anticipated. Oji is the right strategic partner to continue its growth trajectory. When we invested in Adampak in 2012, we identified positive tailwinds and trends in the self-adhesive label market in the Southeast Asia region. Our objective was to grow Adampak into the industry leader with superior quality and technical capability. Under Navis’ stewardship, Adampak has streamlined its operations and solidified its position as the market leader. The business has continued to show strong resilience and healthy cashflow generation, even during global disruptions such as the recent COVID-19 pandemic. Going forward, Adampak is wellpositioned to capture further growth in the region, enabled by its proven business continuity capabilities and wide geographical footprint, as customers place higher importance on supply chain continuity.”

Hiroyuki Isono, President of Oji Holdings commented: “Adding Adampak expands our line-up of high-value-added label products for the electronics and healthcare sectors, which are expected to see high growth in Asia. In addition, it enables integrated production all the way from base paper through to processing, including printing and conversion. Through this acquisition, we will aim to offer timely and optimum label products to a broader range of customers while improving customer value-add.”

Ernst & Young Corporate Finance was the exclusive financial advisor to Navis Capital on the transaction, with Clifford Chance acting as legal advisor.

About Navis Capital Partners

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners

Singapore, Tuesday, 9 August 2022 : Navis Capital Partners (“Navis”) has signed definitive documentation to sell 100% of B Medical Systems (“B Med”) to Azenta, Inc (“Azenta”), a leading provider of a full suite of cold-chain sample management solutions and genomics services to the life sciences industry’s top pharmaceutical, biotech, academic and healthcare institutions globally.

The transaction values B Med at an Enterprise Value of up to €460 million and will close in October 2022.

B Med is the global leader in sustainable medical cold chain solutions with a global presence in over 150 countries. B Med is the world’s single largest vaccine cold chain provider, having ensured the safe and reliable storage and transportation of temperature-sensitive vaccines to a significant part of the global population, particularly in emerging economies in Asia, Latin America and Africa where electricity grids are unreliable and in places non-existent.

Navis acquired a non-core subsidiary of Dometic in 2015 and rebranded it as B Medical Systems. Since then, over €50.0 million has been invested in R&D, in establishing low-cost manufacturing facilities in India and Indonesia, and in expanding and automating manufacturing capabilities in Luxembourg.

Nicholas Bloy, Managing Partner at Navis, commented: “B Med is an interesting case study illustrating the successful execution of a product development strategy focused solely on providing medical equipment and data that helps organisations around the world to save millions of lives in challenging and low resource settings – and to do so at the lowest total cost of ownership of such equipment in the industry.

Today, B Med is the undisputed industry leader and has raised the bar in terms of product reliability and longevity, in rapid production and deployment of cold chains, and in ESG standards across the board. We wish our trusted friends and partners at B Med all the best as they embark on the next stage of their growth journey with Azenta.”

Luc Provost, CEO of B Med, commented: “We are proud to be the partner of choice for countries to help save lives through the safe and reliable delivery of vaccines, blood and pharmaceuticals. Over the last 7 years we have created an incredible growth platform that will deliver on multiple new initiatives in the next few years. We are delighted to be part of the Azenta family and we know that we will create significant value – both financial and social – in our new journey together.”

Jesal Doshi, formerly a senior executive at Navis and now deputy CEO of B Med added: “This outcome is a success story of how private equity can create significant value for all stakeholders through a clear strategy focused on rapid results and agile transformation. B Med has been instrumental in significantly improving vaccine delivery globally, and with Azenta’s support and strategic vision, we are now poised to bring much needed transformation to temperature-sensitive pharmaceuticals globally.

Navis is being advised by William Blair, BDA Partners, Hogan Lovells, Allen & Overy, Deloitte, McKinsey & Company and ERM.

About Navis Capital Partners

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners

Kuala Lumpur, Thursday, 21 July 2022 – Navis Capital Partners (“Navis”), an Asia-based private equity firm, has completed an investment in Dan-D Foods Group (“Dan-D Foods” or the “Company”), a leading producer of healthy nut snacks with its core sourcing and processing facilities located in Vietnam.

The global snack industry is a US$605 billion market with healthy snacks accounting for US$81 billion. It is expected to reach US$108 billion in sales by 2027, supported by increasing consumption of healthy food products. Moreover, nuts, seeds, and trail mixes are the fastest growing category with 7% growth per annum, driven not only by disposable income growth, but also by cultural dietary preferences towards healthier lifestyles and strong product innovation. China, one of Dan-D Foods’s core markets, is the largest and fastest growing nut snack market in the world with a market size of US$13 billion, growing at 12% per annum. Vietnam is the world’s 4 th largest cashew grower and the largest exporter of cashew kernels accounting for 60-65% of global exports.

Navis will assist Dan-D Foods in accelerating growth through new production capacity expansion and ramping-up, further penetration into existing export markets (e.g. China, Canada, USA and Japan), as well as new markets and customer acquisition. The additional growth capital will help unlock working capital constraints and allow Dan-D Foods to service additional businesses while taking in more orders.

In addition, the investment into Dan-D Foods will accelerate the development of new value-added products as well as other higher value products. The investment will also support Dan-D Foods to further strengthen its branding and digital marketing capabilities, execute M&A opportunities, and improve ESG practices including social projects to support cashew farmers and improve productivity for cashew farming in Vietnam and elsewhere.

Tabongkod Peunchob, a Partner at Navis Capital, commented: “Prompted by the pandemic, healthy food and snacks are quickly becoming the trend in today’s world, as consumers shift towards healthier lifestyles and diet choices. We are impressed by the Dan-D Foods management’s experience and strong work ethic that has successfully delivered consistent sales and profitability growth over many years. We are very excited to partner with Dan-D Foods Group and look forward to working closely with Mr. On and his team to further develop and grow the Company.”

Dan On Khuong, the founder of Dan-D Foods Group, commented: “We are absolutely delighted to welcome Navis Capital as our new partner. Starting out from the heart of Chinatown in Vancouver, BC in 1989 with only a 4,000 sq. ft. warehouse and several staffs, Dan-D Foods Group is now a global cashew processor and distributor with over US$200 million in revenue, having grown quite remarkably at a 20% CAGR for the past 6 years. The Company’s turning point is when, encouraged by my late stepfather, George Kavanagh, I returned to my birthplace in Vietnam to establish our first cashew shelling business, embracing a conviction in the future of the global market for valued-added cashew products. Today, we ship thousands of containers of high-quality cashews and mixed nuts annually to more than 20 countries under the reputable brand of Dan-D-Pak. Together with Navis as a partner, I look forward to offering our customers with even better and more innovative nut-based products, and believe that this strategic move will accelerate further our outstanding growth and ambitious plans.”

About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

About Dan-D Foods Group

Founded in 1989, Dan-D Foods Group is a leading producer of branded, ready-to-eat, and healthy nut snacks in the industry. The Company distributes its products to over 20 countries under its own 3 brands and OEM, with a large long-term customer portfolio of over 500 clients globally, including Walmart, Loblaws, Aeon, etc. Its products include salted, unsalted, flavoured cashews, almonds, pistachios, mixed nuts, trail mix, energy bar, chips & snacks, and other dried fruits and products. Dan-D Foods Group has 6 manufacturing facilities (4 in Vietnam, 1 in Canada, and 1 in the US), and sales offices in Hong Kong, China, and Taiwan.

https://www.danonfoods.com/

Contact details: Navis Capital Partners

Nicholas Bloy
+60 12 322 5493
nbloy@naviscapital.com

Bangkok, Thursday, 21 July 2022 – Navis Capital Partners (“Navis”), an Asia-based private equity firm, has completed a majority investment into N.P. Medical Co., Ltd. and Antnest Holding Co., Ltd. which owns and operates a specialised hospital operating under the name “S-Spine and Nerve Hospital” (“S-Spine” or the “Group”). S-Spine is a leading spine and nerve specialty hospital in Thailand, well-positioned to capture the increasing demand driven by long-term macro fundamentals both in Thailand and the region.

S-Spine was founded in 2017 by Dr. Dittapong Boonampol, a well-respected highly experienced neurosurgeon, and quickly became a leading service provider in spine and nerve treatments in Thailand. The hospital and its highly trained medical teams focus on the root cause of symptoms and use advanced medical techniques and minimally invasive surgery techniques (MIS), including Percutaneous Stenoscopic Lumbar Decompression (PSLD), to provide faster recovery, lower-risk, effective treatment to patients.

Lower back and neck pain are among the most common major ailments in Thailand and the market is growing rapidly, driven by strong underlying demographic and social factors: a rapidly aging population, rising prevalence due to lifestyle changes, growing office syndrome coupled with greater patient awareness, and a continued increase in demand for high-quality healthcare services.

Navis is committed to grow S-Spine alongside Dr. Dittapong and his team, as well as providing growth capital, for the development of related musculoskeletal services, capacity expansion, and exploration of merger & acquisitions opportunities. Navis will work closely with S-Spine’s management team to accelerate growth and further institutionalize the group.

Nicholas Bloy, Co-Founder and Managing Partner at Navis Capital, commented: “Navis is extremely excited to partner with Dr. Dittapong and S-Spine team to grow and expand S-Spine’s specialised care services in Thailand and the region.”

David Ireland, Senior Partner at Navis Capital, commented: “We see great potential in S-Spine and the continued growing demand in spine, nerve and skeletomuscular care services as well as related specialties in Thailand and possibly neighboring countries. With the strong medical expertise and team, led by Dr. Dittapong, we believe that S-Spine will play an important role in treating the next generation of patients in a safe, highly effective manner that leads to superior medical outcomes and faster recovery periods at competitive price levels.”

Dr. Dittapong Boonampol, CEO and Founder at S-Spine, commented: “I am delighted to welcome Navis as a partner in S-Spine and we look forward to working together as we accelerate the growth of and expand the breadth of our specialised healthcare offerings further.

S-Spine’s value lies within providing high quality and safe treatments that address the root cause of the patient’s pain with minimal disruption to their lifestyle, rather than treating the symptoms. We ensure the highest level of clinically trained medical resources to provide quality treatment that results in patients’ satisfaction is our priority.

At S-Spine Hospital: “We Cure, We Care.”

Navis was advised by PwC, Thanathip & Partners, and Allen & Overy.

Dr. Dittapong was advised by Third500, Finara V Consultant, and Baker & McKenzie.

About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners

Nicholas Bloy
+60 12 322 5493
nbloy@naviscapital.com

Singapore, Thursday, 21 July 2022 – Navis Capital Partners (“Navis”) is pleased to announce that Justin Ferrier has joined Navis as Managing Partner of the new Navis Asia Credit platform(the “NAC”).

Based in Singapore, Justin will be responsible for NAC. Justin was formerly a Managing Director with BlackRock since 2016, where he sat on the private credit investment committee and helped build BlackRock’s Asia-Pacific private credit business.

Prior to Blackrock, Justin founded Myo Capital in 2007 which made private credit investments across the Asia Pacific region. Prior to founding Myo Capital, he was a Director at ADM Capital between 1999-2007, where he sat on the firm’s investment committee. He started his career as a corporate finance executive at S.G. Warburg Group and Peregrine Capital and holds an MBA in Finance and Accounting from Monash University and a Bachelor of Science from the University of South Australia.

Nicholas Bloy, Managing Partner of Navis Capital, commented: “The NAC is an exciting initiative for us, which will leverage the Navis private equity platform for deal flow and will focus on secured credit investments, positioning itself as a partner to businesses that typically resist equity dilution in the early years of a relationship when looking for expansion capital for M&A, organic expansion, or ownership transition, and leverage on Navis’ 20+ years of investment experience in Asia, on the ground market presence, sector knowledge, connectivity and “growth DNA”. This is an exciting chapter for us as we build a new asset class to leverage Navis’ extensive network and provide an alternative funding solution for businesses in the region.”

Justin Ferrier commented: “I am delighted to be joining the Navis team. Navis has invested in Southeast Asia for over 2 decades and has an unparalleled reputation and network in the region with one of Southeast Asia’s largest and strongest investment teams. This, together with Navis’ robust relationships with middle market corporates, CEOs and CFOs, give us a tremendous sourcing edge to provide flexible debt capital to Southeast Asia’s growing mid-market corporates.”

About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners

North Carolina, Tuesday, July 12, 2022 – Eton Solutions, developer of the cloud-based AtlasFive® technology platform for the family office of the future, and new investor Navis Capital Partners (“Navis”), today announced the raising of a US$ 38 million Series C funding round. This investment will help Eton fund the company’s rapid growth, product development, and international expansion as the premier provider of solutions and services for managing the assets and business affairs of ultra-high-net-worth families. This includes the establishment of an international headquarters in the fast-growing Singapore market.

“As family offices grow rapidly both in number and operational complexity, the critical need for a purpose-built technology platform to provide greater operational efficiency, transparency and risk reduction has intensified globally,” said Eton Founder and CEO Robert Mallernee. “Eton Solutions and its AtlasFive® platform and services uniquely address this need. This significant investment by Navis Capital Partners provides additional funding to amplify our platform innovations while supporting the rapid growth we’re currently experiencing in North America and our international expansion.”

Rajendra Pai, Partner at Navis, commented: “Eton Solutions and the AtlasFive® platform enable some of the world’s largest single and multi-family offices to improve their productivity and services to ultra-high-net-worth families. We strongly believe in Eton’s vision, experienced leadership team, and expert skills of its employees. This makes us feel that Eton is the right technology and services partner for family offices worldwide. We are thrilled to become part of Eton’s story and to have the opportunity to help grow such a forward-thinking business.”

In recent years, the growth of ultra-high-net-worth families and individuals has resulted in a significant expansion of family offices globally. According to Ernst & Young, the number of family offices expanded from 1,000 in 2008 to an estimated 10,000 in 2019. Singapore has become the Asian hub for family offices. Over 400 family offices, large and small, have been established in Singapore in the past five years.

“Navis Capital has an extraordinary track record of recognizing and funding growth opportunities globally. They bring exceptional operating excellence, insights, and relationships to our company,” said Satyen Patel, executive chairman of Eton Solutions. “We are delighted that they have chosen to make this strategic growth investment in Eton and welcome them as shareholders.”

“Singapore has become the nexus of the family office industry in Asia,” said Kevin Hayes, President of Eton Solutions. “We are committed to serving this fast-growing market with the best enterprise technology solution and services in our industry. This investment and partnership with Navis will help accelerate achieving that objective.”

An ERP system for family offices, AtlasFive®, was purpose-built to deliver unmatched process efficiency, data accuracy, and risk reduction for ultra-high-net-worth family wealth management. It is the only truly integrated, all-in-one technology platform that seamlessly connects all data, services, and stakeholders within single and multi-family offices, eliminating the need for disconnected point solutions, repetitive data entry, and spreadsheets to reconcile, consolidate, and aggregate data. Family office clients now have easy, secure, and privacy-protected mobile access, visibility and approvals of family office activities and information, including day-to-day net worth information.

Navis Capital Partners

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

About Eton Solutions

Eton Solutions is a software and services company founded to handle the complexities of servicing ultra-high-net-worth families. Created by family office leaders, Eton Solutions’ flagship product is AtlasFive®, an integrated platform with over US$ 425 billion in assets under administration that holistically aggregates and manages all your office’s data, reporting, and workflow processes. With one source of truth, Eton Solutions leads family offices into the future by maximizing efficiency and minimizing errors and risk. Eton Solutions has experienced a CAGR of over 100% since its inception.

https://eton-solutions.com/

Contact details: Navis Capital Partners

Hong Kong, Wednesday, 6 July 2022 – Navis Capital Partners (“Navis”) announced that it has signed definitive documentations to sell its entire interest in Torque Group International Fortune (“Texon”) to Coats Group plc (“Coats”), the world’s leading industrial thread manufacturer.

Established in 1947, Texon provides high quality structural components to the global footwear market and has a long heritage as a proven supplier to the world’s leading brands. The business is focused on sustainable innovation and supplies high-performance, sustainable, materials, including heel counters, toe puffs and insoles to the highly attractive premium athleisure footwear market. Texon is a global business with headquarter in Hong Kong, with factories in the UK, Germany, Italy, China and Vietnam, as well as local presence in more than 90 countries.

Navis took control of Texon in April 2016. Since then, Navis has worked closely with the senior management team to strengthen Texon’s leadership in the footwear structural components market. Key operational initiatives included review of strategic growth plan, dedicated focus and investments into sustainability and innovation, revamp of Key Account Management, as well as succession planning with next tier of managers being lined up. During its holding period, Navis also made a strategic bolt-on acquisition in Italy which allowed Texon to expand into technical fabrics, with local production capacity.

Rodney Muse, Managing Partner, Navis Capital, commented: “When we invested in Texon in 2016, we clearly saw the potential in its competitive, innovative, high-performance and sustainable products. Texon will continue to disrupt the premium footwear and accessories industry and we wish our trusted partners together with the senior management team all the best for the next stage of their global growth journey with Coats.”

Jelle Tolsma, CEO, Texon, commented: “We are very pleased to be joining Coats. We thank Navis for their support and strategic guidance of the business over the recent years. We believe the last 6 years with Navis has created a strong platform to continue driving sustainability and innovation. We believe that Coats provides us with a global platform to support the business and further accelerate our growth.”

Navis is being advised by BDA Partners and William Blair.

About Navis Capital Partners Limited

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in Southeast Asia and its adjacent economies. Navis contributes both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in six offices across the region. Since inception, Navis has completed over 90 control transactions, of which over 60 have been exited, and consistent with Navis investment strategy, almost all these exits have been to trade buyers.

Contact details: Navis Capital Partners