# Navis Capital to acquire Device Technologies for $509M

Australian private equity firm Navis Capital Partners has signed an agreement to acquire medical devices supplier Device Technologies from Pemba Capital Partners for around A$700 million ($509 million). The transaction is expected to close by the end of 2018.

- Type: Acquisition
- Announced: 2018-11-16
- Where: Australia
- Value: $509.0M (700.0M AUD)
- Status: announced
- Products: medical devices, medical equipment
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Navis Capital Partners](https://endata.com/companies/35522.md) (acquirer)
- [Device Technologies](https://endata.com/companies/35523.md) (target)
- [Pemba Capital Partners](https://endata.com/companies/35524.md) (partner)

## Sources

- [medicaldevice-network.com](https://www.medicaldevice-network.com/news/navis-capital-buys-device-technologies/), 2018-11-16: "Navis Capital intends to fund the acquisition from its Asia-based funds, and expects to close the transaction by the end of this year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.