M&A Deal Summary

Navis Capital Partners Acquires King’s Safetywear

On December 24, 2008, private equity firm Navis Capital Partners acquired safety/security company King’s Safetywear

Acquisition Highlights
  • This is Navis Capital Partners’ 1st transaction in the Safety/Security sector.
  • This is Navis Capital Partners’ 4th transaction in Singapore.
Investment Fate
  • King’s Safetywear was sold to a publicly-traded strategic buyer in 2011 for 430M SGD.

M&A Deal Summary

Date 2008-12-24
Target King’s Safetywear
Sector Safety/Security
Buyer(s) Navis Capital Partners
Deal Type Going Private

Target

King’s Safetywear

Singapore, Singapore
King’s Safetywear Limited is an international manufacturer of industrial safety footwear and markets them under its proprietary brands of KING’S, OTTER and OLIVER. Non-footwear personal protective equipment (PPE) products are also marketed by the Group and these include safety spectacles, safety helmets, safety harnesses. The Group’s safety footwear ranges are widely used in heavy and light industries alike; including the oil and gas, ship repair, aviation engineering, mining, manufacturing and automotive industries. They are particularly important to the construction sector and are even be used in service sectors such as hospital and emergency services and kitchens in hotels and restaurants.

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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 25 of 84
Sector: Safety/Security M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: Singapore M&A 4 of 12
Year: 2008 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 SAH Petroleum

Mumbai, India

SAH Petroleum Limited an ISO:9001:2008 & EMS 14001: 2004 certified company, specializes in designing, manufacturing and marketing, industrial and automotive lubricants,process oils, transformer oils, greases and other specialities under the brand name of IPOL in India and internationally for more than three decades.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 ITM Group of Institutions

Navi Mumbai, India

ITM Group of Institutions was founded with an academic association with The Southern New Hampshire University (SNHU), USA . The curriculum, academic standards and pedagogy of SNHU formed the basis of ITM's Masters Program. In the years since, the Institute has expanded its collaborations to include distinguished Universities across Europe and Asia , evolving academic programs of International repute. The ITM Group of Business Schools has grown from one Business School in Mumbai, to 7 campuses by the year 2004. Starting with a 2 year fulltime Masters program in 1991, The ITM Group of Business Schools is currently conducting 15 programs, in a broad range of fields including Financial Markets, Retail, Pharmaceuticals, Healthcare, Risk Management, Human Resources etc. ITM Group of Institutions was founded in 1991 and is based in Navi Mumbai, India.

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