Permira Funds to Complete Acquisition of Tricor

Apr 4, 2017

April 3, 2017, Hong Kong SAR – Permira, the global private equity firm, announced today that Trivium Investment Ltd., a company backed by the Permira funds, has completed its acquisition of Tricor Holdings Limited (“Tricor”), the leading provider of integrated business, corporate and investor services in Asia Pacific, from The Bank of East Asia and NWS Holdings.

Founded in 2000, Tricor is a leading Hong Kong SAR-based 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, and corporate governance and secretarial services for both listed and unlisted companies, and investor and share registry services.

Tricor today also announced the appointment of Magnus Böcker as Non-Executive Chairman. Mr. Böcker has over three decades of experience in the financial industry, as the CEO of the Singapore Exchange (SGX) from 2009 to 2015 and previously the President of NASDAQ. Prior to NASDAQ, he played an instrumental role in the creation of OMX, the Nordic exchange and technology group, and in the eventual merger of OMX and Nasdaq in 2008.

Johnny Ng and Julian Chow, Group Chief Executive and Joint Group Managing Directors of Tricor, said: “Since the acquisition by the Permira funds was announced in October we have already been developing effective strategies to take the business into its next phase of development. This is a very exciting time for the company and we see many growth opportunities ahead.

“We are very pleased to welcome Magnus Böcker to the company. He has a significant track record in guiding businesses from around the world through phases of rapid growth and we look forward to working with him as our own expansion plans accelerate.” Robin Bell-Jones, Partner at Permira in Hong Kong SAR, added: “We are very excited to be backing Tricor. The company has significant opportunities for growth and we look forward to continuing our work with Johnny, Julian and their team to strengthen further Tricor’s position as the leading pan-Asian corporate services firm. We are also delighted to welcome a large number of Tricor’s senior managers from across Asia as co-shareholders of the company alongside the Permira funds.”


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