Capricorn Capital acquires Hong Kong accounting firm A-Pass

A-Pass was founded in 2006 by Andrew Burgin, a UK national born in Hong Kong, as a provider of corporate formation, secretarial, taxation reporting, trade, and payroll services. The company expects to double its staff by the end of the year. It has recently executed a technology upgrade and launched a new branding agenda.

Robin Harris, a Hong Kong-based managing director at Capricorn, described A-Pass as offering the professional standards of a large global firm with the flexibility and personal touch of a more focused team. Capricorn is expected to leverage its experience in the European corporate services sector to grow the company and help improve operational efficiency.

“We believe there is great potential in the mid-size corporate services segment, companies which need capital to grow but don’t want to be swallowed up, gutted or passed around,” Harris said in a statement. “Capricorn’s form may be corporate, but our mindset is very much partnership, and our capital is extremely patient, something we feel differentiates us from traditional PE buyers.”

Capricorn was founded in 1995 as a private equity and hedge fund manager in South Africa and has since branched out to locations in Hong Kong, the UK, and Malta with a financial advisory business focused on emerging markets and areas such as infrastructure, aircraft leasing, and primary industries. Portfolio companies include car rental company Budget Group and restaurant chain Nando’s.

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• Topics
• Greater China
• Financials
• Support services
• Buyouts
• Hong Kong (China)
• Financial Services