Navis Nets Tenfold Return In Sale Of Clothing Label Co.

Law360, New York (May 2, 2012, 5:44 PM EDT) -- Navis Capital Partners Ltd. will sell its majority stake in a Chinese garment-label manufacturer, parlaying its initial $11.1 million investment into a tenfold return in the deal, the private equity firm said Wednesday.

Between exit proceeds and dividends accrued since the original 2005 purchase, Navis said it will emerge with $111.4 million after fellow investment firm Partners Group AG overtakes its 70 percent share in Trimco International Holdings Ltd.

Partners Group will back the deal with senior debt financing from Chinatrust Commercial Bank Corp.

Under Navis'...
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