Capricorn Capital makes push into corporate services sector with acquisition of A-Pass in Hong Kong
Tuesday, September 24, 2019
(Press Release) – Capricorn Capital Partners HK Limited, the Hong Kong arm of the family-owned global direct private investment business Capricorn Capital Group, has made its first acquisition in Asia, taking a majority stake in Asia-Pacific Accounting & Secretarial Services Limited (A-Pass) in Hong Kong, spearheading a long-term commitment to investing in the corporate services sector in the region.
A-Pass was founded in 2006 by Andrew Burgin, a UK national born in Hong Kong, and since then the firm has grown into a well-respected provider of corporate formation, secretarial, accounting, taxation reporting, trade and payroll services. Capricorn Capital acquired 67% and the firm has already made a number of key strategic hires to bolster the platform, with an expectation of doubling the team by the end of the year. It has also upgraded key software and hardware and launched a new more contemporary branding and vision.
