Acclime, a Hong Kong-based advisory and corporate services firm, has selected a handful of bidders to submit binding offers for the company, in a deal that could value the firm at more than $900 million, three people with knowledge of the transaction said.
Global buyout firms including KKR & Co, TPG and Warburg Pincus are into the second round of the Acclime bidding process, the people said. The three firms declined to comment.
The bidders are valuing the firm at high teens to 20 times its core earnings, said one of the people, adding that Acclime could reach a valuation of close to $1 billion.
Acclime has hired Deutsche Bank to run the sale process, and wants to wrap the deal by end-2025, the people said. Acclime did not immediately respond to a Reuters request for comment. Deutsche Bank declined to comment. The people could not be named as the information was confidential.
Acclime was founded in 2019 by Martin Crawford and Debby Davidson to help corporations navigate Asia’s complex markets, its website shows.
Investment manager Barings provided senior secured credit facilities totalling more than $150 million in May 2024 to support Acclime’s continued expansion, the firm announced at the time.
Acclime operates across the Asia-Pacific and has offices in Mauritius, Seychelles, UAE, and Samoa, according to its website.
Reuters
