Permira explains why it bought Hong Kong’s Tricor

The private equity firm is looking to grow this cash-generative business via acquisitions, justifying the steep valuation it paid to fend off Vistra and Link.

Permira explains why it bought Hong Kong’s Tricor

Permira is looking to take its recent acquisition, Hong Kong-based Tricor, and bolt on more purchases in the highly-fragmented business services industry in the region, executives at the private equity firm told FinanceAsia.

“It is still a very fragmented market both in Asia and beyond, and we think there is an opportunity to build the business through MA,” said Robin Bell-Jones, a partner at Permira in Hong Kong during an interview.

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