Navis Weighing Stake Sale of Dr. Martens’s Leather Supplier, Sources Say
- A transaction could value ISA at $300 million to $400 million
- Navis bought controlling stake in 2016 for undisclosed amount
This article is for subscribers only.
Navis Capital Partners, a private equity firm focused on Southeast Asia, is considering a sale of its controlling stake in leather and sustainable materials supplier ISA TanTec, according to people familiar with the matter.
A transaction could value the Macau-based business at about $300 million to $400 million, the people said, asking not to be identified because the matter is private. Other investment firms and industrial players could be interested in acquiring the company, the people said.