Alantra advised Barclays Ventures and the Shareholders of Texon International Group Limited on the sale to South-East Asia-based private equity fund Navis Capital Partners

Mar 2016

Sell-side advisory

Alantra has advised Barclays Ventures and the Shareholders of Texon International Group Limited on the sale to South-East Asia-based private equity fund Navis Capital Partners. Texon’s management team has retained a significant stake in the business.

Established in 1947, Texon has a long-standing heritage in the manufacture of high quality non-woven and cellulose materials, principally used for structural support components in footwear. Its products are synonymous within the industry for their quality, performance and reliability and can be found in over 500 million pairs of shoes manufactured each year.

Texon’s materials are crucial to the overall fit, performance and comfort of a wide range of footwear types and can be found in everything from rugged hiking boots through to high performance footwear used by world-leading professional sports players. This is why Texon is a specified and approved partner of many of the world’s leading footwear brands.

Headquartered in Hong Kong and with key production facilities in the UK, Germany and China, Texon distributes and supports its products in over 90 countries worldwide.It is a key supply chain partner to global brands supplying contract manufacturing facilities, principally in China and South-East Asia.

Navis has one of the largest private equity professional teams in Asia focusing on private and public equity investments in Southeast Asia.The firm manages approximately US$5 billion in equity capital and has made 70 control investments in the region, of which about half have been exited.

This transaction provides new capital for the next stage of growth. The new investment will support Texon in commercialising a number of exciting and innovative material development projects, developing its presence in new markets and making acquisitions of complementary businesses.