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DealStreetAsia

Private equity firm Navis exits Singapore manufacturer Adampak

A unit of Japan's Oji Holdings is buying stake from Navis for undisclosed sum

Founded in 1998, Navis manages approximately $5 billion in private equity capital and focuses on investments primarily in Southeast Asia and nearby economies. (Screenshot from Navis website)

CEBU, Philippines -- Southeast Asian private equity firm Navis Capital Partners is selling its entire stake in Adampak, a Singapore-based provider of high-quality labels and precision die-cut parts, to Japan's Oji Imaging Media.

Financial details of the sale were not disclosed. Founded in 1979, Adampak was listed on the SGX-SESDAQ in 2004, upgraded to the main section of the SGX in 2007 and subsequently taken private by Navis in June 2012 for approximately $88 million.

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