.
MergerLinks Header Logo

New Deal


Announced

KKR and TIGA Investments to acquire TEC from HPEF and CVC.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Friendly

Hong Kong

Acquisition

workspace solutions

Cross Border

Majority

flexible workspace

Real Estate Holding and Development

Pending

Private

Synopsis

Edit

KKR and TIGA Investments, an investment firm, agreed to acquire The Executive Centre, a flexible workspace provider, from HPEF Capital Partners and CVC, two private equity firms. Financial terms were not disclosed. “We are pleased to welcome KKR and TIGA Investments to The Executive Centre as our new investors. It’s a powerful partnership, well matched to drive the continued performance and growth of TEC. I also extend a big thank you to HPEF Capital Partners and CVC Capital Partners for their investment tenure, during which we increased the size of the business, sevenfold,” Paul Salnikow, The Executive Centre Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US