Global private equity firms including Warburg Pincus, Carlyle, Blackstone, KKR, and TPG are considering bids for Hong Kong-based corporate services group Acclime, according to Bloomberg.

The potential transaction could value Acclime at up to $1bn, though discussions are at an early stage and no binding offers have been made.

Founded by Martin Crawford, the former CEO of Vistra, Acclime provides market entry, accounting, tax, governance, and HR support to companies expanding across Asia. The firm operates in around 18 markets and has grown rapidly through acquisitions, most recently adding Crowe Singapore and Australia-based Boutique Capital to its platform.

The company began exploring a sale earlier this year after postponing an earlier process in 2024, as investors continue to show strong interest in Asia’s corporate services industry.

The sector has seen major consolidation in recent years, notably EQT’s $6.5bn merger of Tricor Group and Vistra in 2023, which created one of the region’s largest corporate services platforms.

If completed, the deal for Acclime would mark one of Asia’s most significant private equity transactions in the business services space this year.

Representatives for Acclime, Warburg Pincus, Carlyle, Blackstone, KKR, and TPG declined to comment.

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