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.
