Navis emerges as major shareholder in MY industrial services firm Dscaff

Home improvement in progress in Encinal, US. Photo: Bradley Wentzel/Unsplash

Private equity firm Navis Capital Partners has made a substantial equity investment into Malaysia scaffolding and construction equipment solutions provider Dscaff to enable the company to grow its capacity in the industrial services sector organically and through acquisitions.

Following the financial investment, Navis will be a major shareholder in Dscaff Group, the company said in a statement dated August 7.

Navis Capital had invested an undisclosed sum in Dscaff in early 2018. The initial investment was conducted via a redeemable, convertible debt instrument, a Navis spokesperson had told us at that time.

Dscaff has been providing scaffolding contracting services to major projects in both Malaysia and Indonesia including the Euro 5 in Petronas Penapisan Melaka, Petronas Chemical MTBE in Gebeng and the Jakarta Toll Road for PT Jaya Konstruksi, it said in the statement.

Navis Capital, which has made nearly 80 controlling investments in the region, focuses on sectors such as food processing, casual dining, FMCG, industrial services, outdoor advertising, auto rentals, consultancy and professional services, amongst others.

Navis Capital manages around $5 billion in private equity capital across investments in Asian countries. The firm is currently raising its eighth vehicle, which has a $1.9 billion hard cap, we had previously reported.

Earlier this month, Navis Capital Partners sold its entire stake in Malaysian IT firm Strateq to a unit of Singapore-listed telecommunications company StarHub.

It was reported in February, Navis Capital and the other owner of Malaysian private tertiary education group SEG International Bhd. were considering selling their stakes. In January, quoting sources, DealStreetAsia reported that Navis Capital was exploring a sale of its stake in Indonesian medical equipment distributor PT Tawada Healthcare.

In 2019, Navis invested in Vietnam’s private education platform Thanh Thanh Chong Education JSC as well as Thailand’s food processing company Srithai Daily Foods.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.