- Carlyle Group Inc. Baring Private Equity Asia and Hillhouse Capital are among the buyout firms considering bids for Hong Kong-based business and investor services provider Tricor Group, according to people familiar with the matter.
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KKR Co. CVC Capital Partners, Blackstone Inc. and Affinity Equity Partners are separately weighing non-binding offers for the closely held company ahead of this week s deadline, the people said, asking not to be identified because the information is private. The sale has also attracted initial interest from MBK Partners and a consortium backed by Primavera Capital and Warburg Pincus, according to the people.
Permira s private equity owner Tricor has been considering a sale of the business in a deal that could value the firm at about $2 billion, Bloomberg News reported in May. Permira bought Tricor from Bank of East Asia Ltd. and NWS Holdings Ltd. for about HK $6.5 billion $836 million in 2017 Founded in 2000, Tricor provides business operations and corporate governance support including accounting, payroll and secretarial services for publicly-traded and closely held companies, according to its website. It says about 40% of its 50,000 global clients are in mainland China.
Considerations are preliminary, no final decision has been made and potential bidders could still decide against pursuing a transaction, the people said.
Representatives for Baring, Carlyle, CVC, Hillhouse, KKR, MBK Partners, Permira, Primavera and Warburg Pincus declined to comment. Affinity didn t respond to requests for comment.
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