Mandom Corporation (TSE:4917) agreed to acquire controlling stake in Alliance Cosmetics Sdn Bhd from Navis Capital Partners on November 22, 2018. Ng Chee Eng, Chief Executive Officer of Alliance will continue to lead the operations of the Alliance along with the entire senior management team. Paul DiGiacomo, Jeff Acton, Karen Cheung, Rica Wirianata, Toshiaki Yokohara, Jonathan Fein, Jennifer Lee and Melvin Lim of BDA Partners acted as financial advisor to Navis Capital Partners on the transaction. Stephanie Phua of Wong & Partners acted as legal advisor to Navis Capital Partners. Mandom Corporation (TSE:4917) cancelled the acquisition of controlling stake in Alliance Cosmetics Sdn Bhd from Navis Capital Partners on December 13, 2019.