Processing timeline
27
days
Acquirer(s)
Hermes Bidco Limited CR number - 429985
Target(s) or Vendor(s)
KMC Solutions Hong Kong Limited Hong Kong CR number - 2202455
Other parties
Links Recruitment Limited Hong Kong CR number - 30311643, Ignite Group Holdings Limited Cayman Islands CR number - 405485, Hillhouse Investment Management, Ltd CR number - 147297, KMC SOLUTIONS AUS PTY LTD ABN - 13 672 057 224, Hermes TopCo Limited CR Number - 429985
Hillhouse, a global alternative investment manager, through Hermes Bidco, proposes to acquire a majority interest in KMC Solutions Hong Kong Limited. KMC Solutions operates in the labour supply services industry, providing workspace and Employer of Record (EOR) / Professional Employer Organisation (PEO) services, including to Australia.
Hillhouse, through Hermes Bidco, proposes to acquire a majority interest in KMC Solutions Hong Kong Limited. Hillhouse is a global alternative investment manager that deploys capital across multiple strategies, including public equities, private equity, private credit, and real assets. Through its private equity arm, Hillhouse invests in long-term global opportunities across the business services, healthcare, consumer, and industrials sectors. One of Hillhouse’s investments is in Ascentium, a Singapore-based platform focusing on trust and corporate services in Asia-Pacific region, including in Australia. It provides administration, compliance, and business solution, which includes employer of record ( EOR ) or Professional Employer Organisation ( PEO ) services. The target, KMC Solutions is a business that primarily operates in the Philippines, supplying workspace and EOR and PEO services, including to Australia.