Ashurst has advised the founders and shareholders of the Amazon Papyrus Chemicals Group ("Amazon") on the sale of a majority stake in Amazon to Navis Capital Partners ("Navis"), a leading Asian private equity investor.

The Ashurst team was led by Hong Kong managing partner, Robert Ogilvy Watson, assisted by senior associate Audrius Skeivys and associate Justin Seto.  Tax partner Richard Palmer and senior associate Philippa Michie in Ashurst's global tax team provided tax advice. Amazon was also advised by Business Development Asia as its financial adviser and KPMG as its tax adviser. Pinsent Masons acts as legal adviser to Navis.

Amazon is a leading pulp and paper process chemical solutions provider in Asia.  The company supplies tailor-made chemical support formulations, together with onsite technical support and services to generate a return on investment to its customers.