Warburg Pincus nears deal to acquire Hong Kong's Acclime, sources say

TPG

17/12/2025 04:16

By Kane Wu

HONG KONG, Dec 17 (Reuters) - U.S. investment firm Warburg Pincus is nearing a deal to acquire Hong Kong-based corporate and business services firm Acclime, valuing it at between $950 million to $1 billion, said two people with knowledge of the matter.

Bloomberg first reported about the deal on Wednesday.

KEY DETAILS

- Warburg Pincus is in exclusive final talks with the company and a deal cound be signed as soon as Thursday, said the sources. Warburg declined to comment. Acclime did not immediately respond to a Reuters request for comment.

- A deal could value Acclime at an enterprise value of about $1 billion, said one of the sources.

- The negotiations are ongoing with terms to be finalised and may not result in a deal, the sources cautioned, declining to be named as the information was not public.

- Warburg Pincus competed against peer buyout firms including KKR & Co KKR.N, CVC Capital Partners CVC.AS and TPG TPG.O in the deal, sources have said.

CONTEXT

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.

 (Reporting by Kane Wu; Editing by Stephen Coates)

 ((kane.wu@thomsonreuters.com; +85228436590; Reuters Messaging: kane.wu.thomsonreuters.com@reuters.net))