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Malaysia's Navis sells Indonesian firm

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Malaysia's Navis sells Indonesian firm

Post by hlk Mon 30 Jul 2012, 19:26

KUALA LUMPUR: Malaysia-based private equity firm Navis Capital Partners
today said it sold PT Efficient English Services, the operator of Wall
Street Institute in Indonesia, to Pearson PLC for US$16.3 million.

This
marks Navis’ fifth sale of a portfolio company in the last eight
months, and the second involving a company with substantial Indonesian
exposure, following the sale of King’s Safetywear in December last
year.

The sale of Efficient English presents a 10-fold return
for Navis since it set up the English-language education business in
Indonesia in 2007 for about US$1.5 million, according to Navis. --
Reuters

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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