Fund administrator Ocorian has acquired A-Pass from Capricorn Capital Partners HK Limited, the Hong Kong arm of private investment business Capricorn Capital Group.
The acquisition is part of Ocorian’s wider effort to invest in the Asia Pacific region.
Established in Hong Kong in 2006, A-Pass is a corporate services provider that provides accounting, payroll, trust and tax services as well as support for company formations.
Frederik van Tuyll, chairman and CEO at Ocorian, says: “This is a strategic move for us and reflects our view that Asia is a key global growth market. A-Pass is highly complementary to Ocorian, both in terms of capabilities and clients, and we have a shared ethos of excellent client service.
“A-Pass has a very strong management team, and I am delighted that they will continue to lead the business and play a key role in our continued growth across the region.”
Andrew Burgin, managing director at A-Pass, comments: “Becoming part of Ocorian means we are able to provide a wider range of services to our clients, especially those that use services outside of Hong Kong and Singapore. We are extremely excited by the combination with Ocorian which we believe will be beneficial for all parties involved.”
