1 January 2016
BDA advises Navis on sale of its dessert restaurant chain in Greater China
Divested Chinese dessert restaurant chain
BDA Partners (“BDA”) is pleased to announce that its client, Navis Capital Partners (“Navis”), has completed the sale of its dessert chain (“the Company”) to a restaurant group backed by an international financial sponsor.
BDA was the exclusive financial advisor to Navis on the transaction.
Based in Hong Kong, the Company has over 50 years of heritage known internationally for its signature healthy desserts. In the last few decades, the Company has grown from a single shop to becoming one of the largest restaurant chains in Greater China and Malaysia. Navis worked closely with management on operational improvements, marketing initiatives, senior hires, as well as building strategic store and central kitchen network throughout China, Hong Kong, Macau and Malaysia. Since Navis’ investment in 2007, the Company has doubled its revenue and opened over 200 outlets across the region.
Bruno Seghin, Senior Partner at Navis, said “This investment showcases how Navis and a management team can transform a strong local business to become a regional champion. With a clear strategic plan that was jointly developed, the team executed well with the support of Navis’ investment and operations professionals. This has resulted in a successful exit realization for Navis.”
Paul DiGiacomo, BDA Managing Director, said “We are pleased to have advised Navis on this transaction. We are confident the new partnership will be a huge success in the food and beverage space. This transaction showcases BDA’s expertise in the restaurant sector and demonstrates the depth of our ability to run global sell-side transactions for private equity clients.”
About Navis Capital Partners
Navis Capital Partners is a Malaysia-based private equity firm established in 1998, specializing in direct equity investments in growth, buyouts, recapitalizations, and financial restructurings. The firm also targets established middle market companies and manages private equity funds. It primarily invests in consumer and industrial goods and retail services. The firm typically acquires a majority stake in its portfolio companies and makes control investments, with a focus on Asia Pacific, South, and Southeast Asia.
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority. BDA’s Hong Kong subsidiary is licensed and regulated by the Securities & Futures Commission.
Acquired by Broadreach Capital Partners and Cedar Capital Partners
Series B capital raise
Divested Young Toys to MiraeN Group
Strategic partnership in China and investment by EverYi Capital
Acquired Rich Graviss
Divested controlling stake to Grass Green Group
Divested assets to Centric Brands
Divested a 70% stake to Affirma/SCPE
Divested Alliance Cosmetics Group to Mandom
Investcorp invested up to $250m in China Everbright New Economy Fund
Divested Leyou to Warburg Pincus
Divested Chinese RTW business to a Hong Kong-based investor
Divested Gourmet Noodle House to GreenTree Inns
Growth capital raise
Divested Harrys of London to Charles Cohen
Acquired Chinese food ingredients company, Tianning Flavours
Merged with Fitness First Asia, led by Navis Capital
Raised growth capital
Divested Happy Socks to Palamon
Divested Theodore Alexander to Creative Home Furniture