M&A Deal Summary

Navis Capital Partners Acquires Linatex Rubber Products Sdn. Bhd.

On October 19, 2005, private equity firm Navis Capital Partners acquired manufacturer Linatex Rubber Products Sdn. Bhd. from Elementis for 31M USD

Acquisition Highlights
  • This is Navis Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Navis Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Navis Capital Partners’ 1st transaction in Malaysia.
Investment Fate
  • Linatex Rubber Products Sdn. Bhd. was sold to a publicly-traded strategic buyer in 2010 for 200M USD.

M&A Deal Summary
Date 2005-10-19
Target Linatex Rubber Products Sdn. Bhd.
Sector Manufacturing
Buyer(s) Navis Capital Partners
Sellers(s) Elementis
Deal Type Divestiture
Deal Value 31M USD

Target

Linatex Rubber Products Sdn. Bhd.

Darul Ehasan, Malaysia
Raw Natural Rubber, when vulcanized, exhibits an inherent strength, resilience and toughness that combine to provide excellent abrasion resistant performance, especially in slurry applications. Where Linatex has the edge over our competitors is the unique qualities of our patented Linatex 'liquid phase compounding' process. This procedure enables the natural properties of raw rubber to be better preserved.

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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 8 of 84
Sector (Manufacturing) 1 of 6
Type (Divestiture) 2 of 3
Country (Malaysia) 1 of 16
Year (2005) 4 of 5
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Mentor Media

Singapore, Singapore

Mentor Media provides cost-effective cutting edge supply chain management services to customers in many different industries, ranging from consumer electronics, software, computing, communications, healthcare and automobile. Customers like to work with Mentor Media because the company is very well established in Asia, adopt efficient and flexible manufacturing processes and have global presence to service their requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-25 Trimco Group

Herning, Denmark

Trimco Group is a global supplier of brand identity products for international fashion and sports brands. Trimco Group is the combined force of CLOTEX, LABELON, and A-TEX with more than 1,700 employees in 22 countries, serving more than 740 brand owners and 8,600 manufacturers around the world. Trimco Group was established in 1978 and is based in Herning, Denmark.

Buy -

Seller(S) 1

SELLER

Elementis

London, United Kingdom
Category Company
Founded 1844
Sector Chemicals
Employees1,281
Revenue 713M USD (2023)
DESCRIPTION

Global leader in Chromium chemicals. Elementis was incorporated in 1844 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 3
Country (Malaysia) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 Watercryl Quimica

Palmital, Brazil

Watercryl Quimica Ltda. is a supplier of additives to the Brazilian coatings industry, with manufacturing and technical facilities based in Palmital, São Paulo.

Buy $24M
Mergr

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Company

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