Private equity firm Warburg Pincus has signed an agreement to invest in Hong Kong-headquartered Acclime, a provider of corporate and business services across the Asia Pacific, to support its next phase of growth, according to an announcement on Wednesday.
Through this transaction, Warburg Pincus seeks to leverage its global track record to support Acclime’s next phase of growth, international expansion, and innovation.
According to an earlier DealStreetAsia report, Acclime had shortlisted a handful of bidders to submit binding offers, in a deal that could value the firm at over $900 million. Global buyout firms, including KKR & Co., TPG, and Warburg Pincus, were in the running.
Founded in 2019 by industry veteran Martin Crawford, Acclime aims to build a fully integrated professional services platform that supports businesses across Asia’s most complex and fast-growing markets. The firm differentiates itself through a partner-led model that combines deep local expertise with global standards, enabling rapid scaling while maintaining strong governance, accountability, and a client-focused approach.
Since its founding, Acclime has completed over 50 acquisitions to build a platform spanning 18 markets and employs more than 2,000 professionals.
Today, the firm serves over 17,000 clients—including subsidiaries of multinational corporations, regional businesses, family offices, private capital firms, and high-growth companies—offering a suite of services across accounting, tax, HR and payroll, fund administration, corporate secretarial, and risk and advisory.
“In a region defined by regulatory complexity and rising cross-border activity, the demand for an integrated, tech-forward business services partner has never been greater. Acclime’s deep local expertise and scalable, technology-driven solutions position it to lead the next generation of corporate and business services across the region. We are excited to partner with Martin, Izzy, and the broader team to accelerate growth, expand capabilities, and create long-term value,” said Saurabh Agarwal, Managing Director and Head of Southeast Asia Private Equity, Warburg Pincus.
Izzy Silva is the Group Chief Executive Officer appointed in early 2024.
Under his leadership, Acclime has advanced its digital transformation agenda, including the development of Aura, the firm’s proprietary AI-enabled automation platform, enhancing service delivery, operational efficiency, and client experience at scale.
In another Asia Pacific deal, the PE major has agreed to acquire Hong Kong-based Topcast Aviation Supplies, the largest independent aircraft parts distributor and maintenance, repair, and overhaul (MRO) service provider in Asia to support its expansion plans.
Warburg Pincus has more than $85 billion in assets under management and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.
In the Asia Pacific region, the firm has invested about $34 billion in more than 270 companies.
