Ascentium completed the acquisition of Virtuzone.

Hillhouse-backed Ascentium, a business services platform dedicated to helping businesses scale greater heights, completed the acquisition of Virtuzone, a company formation specialist and corporate service provider. Financial terms are not disclosed. In line with the acquisition, Ascentium will provide additional resources to Virtuzone, enabling the Dubai-based company to expand its suite of corporate services, strengthen its local presence, and serve as a catalyst for Ascentium's expansion into the Middle East.