Navis Capital Partners has agreed to sell its stake in Hong Kong-based apparel material provider Texon to UK-based thread manufacturer Coats Group for $237 million, per a statement by Navis’ financial advisor BDA Partners.
Navis invested in Texon in 2016 for an undisclosed sum. DealStreetAsia had reported that the value could size between $75 million and $125 million.
