Navis Capital Pays $152M for Photon Division

Malaysian buyout firm Navis Capital has acquired Australia firm Photon Group's Field Marketing & Retail Agencies division for A$146.5 million ($152 million), Reuters reported Thursday. Navis this week also agreed to sell its safety footwear asset Kings Safetywear to U.S. diversified manufacturer Honeywell International for $338 million.

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