M&A Deal Summary

Tricor Group Acquires Axcelasia - Malaysia Operations

On February 13, 2020, Tricor Group acquired business services company Axcelasia - Malaysia Operations from Tricor Axcelasia

Acquisition Highlights
  • This is Tricor Group’s 5th transaction in the Business Services sector.
  • This is Tricor Group’s 2nd transaction in Malaysia.

M&A Deal Summary
Date 2020-02-13
Target Axcelasia - Malaysia Operations
Sector Business Services
Buyer(s) Tricor Group
Sellers(s) Tricor Axcelasia
Deal Type Divestiture

Target

Axcelasia - Malaysia Operations

Malaysia
Axcelasia, Inc. - Malaysia Operations is a provider of integrated business, corporate and investor services.

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Buyer(S) 1

Buyer

Tricor Group

Hong Kong, China
Category Company
Founded 2000
Sector Business Services
DESCRIPTION

Tricor Group is a corporate services provider across 20 markets globally, with a strong presence in 13 markets in the APAC region. It offers a range of services across accounting and payroll for MNCs and SMEs, corporate governance and secretarial services for both listed and unlisted companies, and investor and share registry services. Tricor Group was founded in 2000 and is based in Hong Kong, China.

DEAL STATS #
Overall 5 of 6
Sector (Business Services) 5 of 6
Type (Divestiture) 1 of 2
Country (Malaysia) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Tricor Axcelasia

Kuala Lumpur, Malaysia

Tricor Axcelasia is an integrated professional services firm delivering governance, risk & compliance (GRC) solutions, corporate, business and tax services. Tricor Axcelasia was founded in 2015 and is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 NZGT Holding

Auckland, New Zealand

NZGT Holding is a corporate trustee operating with its wholly-owned subsidiaries The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant). It is a provider of corporate supervisory services with over NZ$250 billion in funds under supervision. NZGT Holding is based in Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

Tricor Axcelasia

Kuala Lumpur, Malaysia
Category Company
Founded 2015
Sector Business Services
Employees118
Revenue 26M MYR (2019)
DESCRIPTION

Tricor Axcelasia is an integrated professional services firm delivering governance, risk & compliance (GRC) solutions, corporate, business and tax services. Tricor Axcelasia was founded in 2015 and is based in Kuala Lumpur, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Malaysia) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

Legal