Navis Capital Offers $373M For Malaysian Education Co.

Law360, New York (April 25, 2012, 3:07 PM EDT) -- Malaysia-based private equity firm Navis Capital Partners has proposed a $372.5 million take-private acquisition of SEG International Bhd., a Malaysian higher education provider that offers pre-professional training, Navis Capital said Wednesday.

Navis Capital, which is based in Kuala Lumpur and focuses on southeast Asian markets, said it made the offer through Pinnacle Heritage Solutions Sdn. Bhd., its investment holding company. The private equity firm said Pinnacle Heritage is a minority stakeholder in SEG International, but it did not specify the size of the stake.

Navis Capital...
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