Navis' fund VII to mark first exit with stake sale in Singapore's MFS Technology

Navis' fund VII to mark first exit with stake sale in Singapore's MFS Technology

Navis Logo

Private equity firm Navis Capital Partners has said it will divest its controlling interest in Singapore-based printed circuits board solution provider MFS Technology to Hong Kong-based DCP Capital Partners, marking the first exit from its $1.5 billion fund VII.

The Kuala Lumpur-headquartered private equity firm, that is focused on investments in Asia Pacific, is set to generate a 3 times multiple on the investment that was made in November 2014 together with minority co-investor Novo Tellus Capital Partners (NTCP), a source familiar with the development told DEALSTREETASIA.

Bring stories like this into your inbox every day.

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