Southeast Asia-focused private equity firm Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial. The company’s founders will retain a minority stake and some members of the company’s senior management will co-invest alongside Navis. ISA Industrial operates factories in Vietnam, China and the United States, and supplies leather goods to global footwear brands including Timberland, Clarks and Wolverine. Financial details of the transaction were not disclosed.