Reuters: Private Equity: Navis sells stake in garment firm Trimco to Partner Group

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Navis sells stake in garment firm Trimco to Partner Group May 2nd 2012, 02:34 SINGAPORE | Tue May 1, 2012 10:34pm EDT SINGAPORE May 2 (Reuters) - Private equity firm Navis Capital Partners said on Wednesday its Navis Asia Fund IV has sold its stake in Chinese garment label firm Trimco International to Switzerland's Partner Group, making a 10-fold return. "Navis acquired its majority stake in Trimco back in 2005 for a total equity cost of $11.1 million, and the investment has generated an aggregate equity amount returned to Navis of $111.4 million in exit proceeds and dividends received over the seven-year holding period," Navis said in a statement. Trimco, which was founded in Hong Kong, services garment manufacturers in China, India and Southeast Asia. Navis, whose main office is in Malaysia, manages about $3 billion in equity capital commitments. (Reporting by Kevin Lim; Editing by Richard Pullin)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions