M&A Deal Summary

Navis Capital Partners and Oaktree Capital Management Acquire Evolution Wellness

On February 23, 2017, private equity firm Navis Capital Partners and asset manager Oaktree Capital Management acquired consumer services company Evolution Wellness

Acquisition Highlights
  • This is Navis Capital Partners’ 3rd and Oaktree Capital Management’s 1st transaction in the Consumer Services sector.
  • This is Navis Capital Partners’ 12th and Oaktree Capital Management’s 1st transaction in Malaysia.

M&A Deal Summary

Date 2017-02-23
Target Evolution Wellness
Sector Consumer Services
Buyer(s) Navis Capital Partners
Oaktree Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Evolution Wellness

Malaysia
Evolution Wellness is an operator of fitness clubs. Evolution Wellness is based in Malaysia.

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Buyer(S) 2

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 64 of 84
Sector: Consumer Services M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 45 of 58
Country: Malaysia M&A 12 of 16
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Celebrity Fitness

Jakarta, Indonesia

Celebrity Fitness is an operator of fitness clubs across Asia. The Celebrity Fitness name was chosen for a reason: to convey that each member can exercise as if they are a celebrity. The clubs are designed with Hollywood and Beverly Hills' standards in mind, to pamper and give first quality service to our members. Staying true to the entertainment ambiance, Celebrity Fitness' venues are exclusive malls so that members can conveniently shop, dine or go to the cinema after working out in the gym. Celebrity Fitness was founded in 2003 and is based in Jakarta, Indonesia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Mainland Poultry

Otago, New Zealand

Mainland Poultry operates one of the most modern integrated animal feed and egg production businesses in the region, with a national footprint across the North and South Islands of New Zealand. Mainland operates as two integrated divisions: Zeagold, the eggs division, is the largest egg and egg products producer in New Zealand, producing 36 million dozen egg equivalents per annum. Zeagold supplies supermarkets and food service distributors daily with fresh eggs and refrigerated and frozen egg products. MainFeeds, the feed division, supplies over 140,000 tonnes of non-ruminant feed to the Zeagold division and external customers. Mainland Poultry was founded in 1997 and is based in Otago, New Zealand.

Buy -
Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 77 of 129
Sector: Consumer Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 31 of 45
Country: Malaysia M&A 1 of 1
Year: 2017 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Sterling

Phoenix, Illinois, United States

Sterling is a North American provider of access, crane, and outrigger mats to owners and constructors of energy and power infrastructure, particularly electric transmission & distribution and oil & gas pipelines. Sterling also provides turnkey matting solution services, including access planning, site preparation, mat installation and removal, and site restoration. Sterling’s matting solutions help protect the environment, increase construction efficiency, and play a critical role in ensuring jobsite safety. Sterling was founded in 1949 and is based in Phoenix, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Aavid Thermalloy

Concord, New Hampshire, United States

Aavid Thermalloy provides a broad range of technologically advanced thermal management solutions for aerospace and defense, telecommunication, LED lighting, server, data center, consumer electronics, transportation, and industrial applications to customers all over the world. Aavid Thermalloy is based in Concord, New Hampshire.

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