Navis to pick Rothschild for Malaysian supermarket sale

The Food Purveyor operates supermarket brands including Pasaraya OTK and manages about 31 stores in Malaysia, its website shows

SINGAPORE: Asian buyout firm Navis Capital Partners has selected Rothschild & Co to help with a potential sale of its premium supermarket chains in Malaysia, which could be worth more RM1bil, according to sources.

The Kuala Lumpur-based private equity firm and its financial adviser are preparing to start a sale process to gauge prospective investors’ interest in The Food Purveyor Sdn Bhd, said the sources.