Investment Summary

HPEF Capital Partners Exits Executive Centre

On May 21, 2014, private equity firm CVC Capital Partners invested in business services company Executive Centre from HPEF Capital Partners

Investment Highlights
  • This is CVC Capital Partners’ 7th transaction in the Business Services sector.
  • This is CVC Capital Partners’ 11th transaction in China.
Investment Fate
  • Executive Centre was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2014-05-21
Target Executive Centre
Sector Business Services
Investor(s) CVC Capital Partners
Sellers(s) HPEF Capital Partners
Deal Type Secondary Buyout

Target

Executive Centre

Hong Kong, China
Executive Centre provides serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small and medium enterprises, and start-ups. Executive Centre was founded in 1994 and is based in Hong Kong.

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Investor(S) 1

Investor

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 164 of 328
Sector: Business Services M&A 7 of 18
Type: Secondary Buyout M&A Deals 24 of 78
Country: China M&A 11 of 13
Year: 2014 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Flint Group

Ahaus-Ottenstein, Germany

Flint Group is a supplier of diversified consumable graphic arts products to the global printing, converting, and colorants industry. Inks include packaging inks, heatset inks (used primarily for printing glossy magazines), coldset inks (both colour and black newspaper ink), sheet-fed inks (short-run commercial applications) and publication gravure inks (high-run printed media). Flint Group is based in Ahaus-Ottenstein, Germany.

Sell €2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 PT Link Net

Jakarta, Indonesia

PT Link Net is a two-way hybrid fibre-coaxial cable provider in Indonesia, delivering high-speed internet access services to retail and business customers, including the delivery of data communication services over its fibre optic lines, and cable TV services. PT Link Net was founded in 1996 and is based in Jakarta, Indonesia.

Sell -

Seller(S) 1

SELLER

HPEF Capital Partners

Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HPEF Capital Partners Limited is a private equity fund manager with roots from HSBC. The Firm is a generalist investor and looks to invest throughout the Asia/Pacific region. HPEF was originally established in 1989 and became independent of HSBC in 2010. HPEF is based in Hong Kong.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Kreuz

Singapore, Singapore

Kreuz is an integrated subsea services provider to the offshore oil and gas industry providing subsea construction and installation solutions and inspection, repair and maintenance services for offshore oil and gas projects and facilities. Kreuz is based in Singapore.

Buy S$446M