M&A Deal Summary

Navis Capital Partners Acquires Device Technologies

On November 16, 2018, private equity firm Navis Capital Partners acquired medical products company Device Technologies from Pemba Capital Partners for 509M USD

Acquisition Highlights
  • This is Navis Capital Partners’ 2nd transaction in the Medical Products sector.
  • This is Navis Capital Partners’ largest (disclosed) transaction.
  • This is Navis Capital Partners’ 13th transaction in Australia.

M&A Deal Summary

Date 2018-11-16
Target Device Technologies
Sector Medical Products
Buyer(s) Navis Capital Partners
Sellers(s) Pemba Capital Partners
Deal Type Secondary Buyout
Deal Value 509M USD

Target

Device Technologies

Belrose, Australia
Device Technologies is an independent provider of high-grade medical solutions and technologies, from high-quality consumables to advanced theatre equipment and robotics. Device Technologies was established in 1992 and is based in Belrose, Australia.

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Buyer(S) 1

Buyer

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.


DEAL STATS #
Overall 69 of 84
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 7 of 7
Country (Australia) 13 of 15
Year (2018) 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 DZ Card

Samutprakan, Thailand

DZ Card is a smart card manufacturer, offers a wide range of customised solutions for various digital ecosystems. DZ Card was founded in 1971 and is based in Samutprakan, Thailand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Alliance Cosmetics Group

Shah Alam, Malaysia

The Alliance Cosmetic Group is a leading distributor of cosmetics and personal care products. Brand portfolio includes Revlon cosmetics, Revlon haircolor, Avene skincare, Elancyl bodycare, SILKYGIRL cosmetics, SILKYGIRL fragrances, Silky for Men fragrances, Silky Lips lipcare, Silky White face products, Silky Care feminine hygiene wash, Tokalon face masks and Cutex nail polish remover. The Alliance Cosmetic Group launched SILKYGIRL in June 2005, adding new excitement to the landscape of color cosmetics in the mass retail market. SILKYGIRL offers a complete range of high quality color cosmetics that will meet the needs of discerning consumers in both the urban and suburban markets. Alliance Cosmetics Group was founded in 1986 and is based in Shah Alam, Malaysia.

Sell -

Seller(S) 1

SELLER

Pemba Capital Partners

Sydney, Australia

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pemba Capital Partners is an independent private equity firm backed by the FirstRand Group focused on public and private company investments in Australia and New Zealand. Pemba looks to invest in profitable companies valued from $30 to $150 million AU. Pemba is a generalist investor, looking for opportunities in a variety of industries positioned for organic growth or growth through acquisitions. Pemba will not invest include early-stage or pure technology, hostile takeovers, property or construction, infrastructure, and agriculture or resources. Pemba Capital Partners was formed in 1998 and is based in Sydney, Australia.


DEAL STATS #
Overall 11 of 22
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Australia) 10 of 21
Year (2018) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 HMG Made to Last Pty

Meeandah, Australia

HMG Made to Last Pty Ltd. is a provider in the design, manufacture, and refurbishment of components and assemblies used in heavy industries. HMG Made to Last was established in 1959 and is based in Meeandah, Australia.

Sell $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Shelde

Melbourne, Australia

Shelde is a provider in cyber and application security. Shelde operates without geographical limits as an integrated digital, security, and data analytics partner to leaders in finance, healthcare and logistics, and government departments. Shelde was established in 2010 and is based in Melbourne, Australia.

Buy -