As Public Markets Take Beating, Private Equity Rises to Fore

NAVIS Capital Partners, Co-founder & Managing Partner, Nicholas Bloy discusses:

- Navis positioning - private equity investments - buyouts - recapitalisations - financial restructurings - South and Southeast Asia focus - deals done - performance;
- Ideas generation - due dilligence - negotiations - purchase;
- Qualifying criteria;
- Target sectors;
- Losing bidder - France’s Casino - Carrefour Thailand - experience;
- Benefits - acquiree;
- Funding - stake size - staffing - skills sought - demographic profile of staff - BCG network - importance;
- Fund size
- Capital raising - issues;
- Investment promise: returns - timeframe - loss risk;
- Exits - 5 deals from 2006 - 8 from 2007 - current situation - exit challenges;
- SeGi - issues - minorities can ‘take it or leave it’ attitude - corporate governance: impediment to dealmaking, ventures;
- Public versus private equity;
- Appetite sectors - companies;
- Myanmar views;
- Views - EMs generally;
- Current conditions - pulled IPOs - 'risk off' phenomenon;
- Southeast Asian common market - advocate - details;
- Global politics - Mitt Romney - 'financial guy' - Bain Capital - advocates - protectors 1 per cent - right wing politics - Republicans;
- Navis within SEA - political alignment - importance.