Capricorn Capital Partners, 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 67% stake in A-Pass, a provider of corporate formation, secretarial, accounting, taxation reporting, trade and payroll services. Financial terms were not disclosed. “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. 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. With so many markets across Asia Pacific experiencing rapid growth and attracting new companies, the market for high quality corporate services and in-depth local knowledge can only grow, and Capricorn has the expertise to help strong local businesses like A-Pass take advantage of this opportunity. We anticipate this to be the first of many such acquisitions for Capricorn Capital,” Robin Harris, Capricorn’s Hong Kong Director.