Boardroom’s PE owners explore $1bn sale of orporate services firm
Private equity firms 65 Equity Partners and Tower Capital Asia are exploring a potential sale of Asia-Pacific corporate services provider Boardroom, with the business reportedly expected to attract significant interest from global buyout firms, according to a report by Bloomberg.
Private equity investment firms 65 Equity Partners and Tower Capital Asia are considering selling corporate services company Boardroom, according to Bloomberg. The Singapore-based firm is said to have caught the attention of numerous global private equity companies, with a potential sale price of around $1 billion, as reported by Goldman Sachs.
The sale process is still in its infancy, with no guarantee of a final transaction. Several international private equity firms, such as Advent, CVC Capital Partners, EQT, and TPG, have already shown preliminary interest in Boardroom. The company provides a range of corporate and business support services, including incorporation, corporate secretarial, accounting, tax, payroll, and share registry solutions.
Boardroom operates across several key Asia-Pacific markets, including Singapore, Australia, Malaysia, Hong Kong, and China, with support from a wider regional partner network. 65 Equity Partners and Tower Capital purchased Boardroom in 2022 for approximately SGD312 million.
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