Navis puts Australian education supplies firm Modern Star up for sale, seeks $542m

Navis puts Australian education supplies firm Modern Star up for sale, seeks $542m

Modern Star sells education equipment such as furniture and toys to early childhood learning centres in Australia, China and Singapore. Photo: Modern Star website

Kuala Lumpur-headquartered private equity firm Navis Capital Partners has put its education supplies company Modern Star up for sale and is seeking over A$800 million ($542 million) for the Australian business, according to a person familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter