<article>Asia-focused private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/mon-pe-firm-navis-invests-in-malaysia-based-manufacturer-dscaff-from-fund-vii-98145/" target="_blank" rel="noopener">Navis Capital Partners</a> has invested an undisclosed amount into Saitex Holdings, a jeans supplier with its manufacturing base outside of Ho Chi Minh City, in Vietnam.</article>

Asia-focused private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/mon-pe-firm-navis-invests-in-malaysia-based-manufacturer-dscaff-from-fund-vii-98145/" target="_blank" rel="noopener">Navis Capital Partners</a> has invested an undisclosed amount into Saitex Holdings, a jeans supplier with its manufacturing base outside of Ho Chi Minh City, in Vietnam.
Navis is noted for investing in manufacturing, industrial and consumer sectors which are mostly privately held small and medium enterprises in Southeast Asia and Australia. The Saitex deal marks the investor&#8217;s entry into the denim industry which is a $80-billion global business.
Founded in 2001, Saitex claims to be a premium denim supplier to many of the world’s brands and retailers. It is a technologically advanced manufacturer known for its sustainable manufacturing processes and designs and products, a statement from Navis said on Monday.
A full-service jeans manufacturer based in Dong Nai, Vietnam, its expertise includes product development, design, raw material sourcing, sewing, washing and finishing.
&#8220;Traditionally a slow-moving, relatively opaque and labor intensive sector, Saitex and its leadership are committed to changing the industry’s practices and external perceptions by embracing full transparency and proven environmentally sustainable manufacturing practices,&#8221; said Navis.
The association between Navis and Saitex, will allow the denim manufacturer to explore new opportunities in other parts of the value chain and in the newest cleanest technologies, said Saitex Founder and CEO Sanjeev Bahl said.
Navis was advised by TAU Investment Management for commercial and industry matters and its legal advisors were Hogan Lovells &amp; Lee.
This is Navis&#8217; second investment reported this year after the Kuala Lumpur-based provider of scaffolding and construction equipment solutions <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/mon-pe-firm-navis-invests-in-malaysia-based-manufacturer-dscaff-from-fund-vii-98145/" target="_blank" rel="noopener">Dscaff</a> where it has invested an initial investment which is small and done via a redeemable, convertible debt instrument and creates the optionality for synergistic follow-on investments.
Founded in 1998, Navis manages approximately $5 billion in public and private equity capital and focuses on investments primarily in and around Asia. It is currently raising its eighth fund which is reportedly about $2 billion.
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Asia-focused private equity firm Navis Capital Partners has invested an undisclosed amount into Saitex Holdings, a jeans supplier with its manufacturing base outside of Ho Chi Minh City, in Vietnam.

PE firm Navis Capital invests in Vietnam-based denim supplier Saitex Holdings

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PE firm Navis Capital invests in Vietnam-based denim supplier Saitex Holdings

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