CVC Acquires Hong Kong Serviced Offices After Closing Asia Fund
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CVC Capital Partners Ltd. agreed to buy a majority stake in The Executive Centre Ltd., a Hong Kong-based serviced office provider.
CVC, working together with the company’s management, agreed to purchase the holding from Headland Capital Partners Ltd., which will keep a stake in the business, the buyout fund said today on its website. The deal values The Executive Centre at about $220 million including debt, said a person with knowledge of the matter who asked not to be identified discussing private information.