SINGAPORE, June 18, 2018 /PRNewswire/ --
Hawksford has acquired People & Projects Ltd (P&P), an
acquisition which will significantly strengthen its current
presence in Hong Kong and
Singapore, and provide it with an
extensive footprint across major cities in China. The transaction demonstrates
Hawksford's commitment to the Asian market and takes the corporate,
private client and fund administration company's global headcount
to over 400, with 200 now based in Asia.
(Logo:
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(Photo:
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P&P is a dynamic, full service corporate services business
with a strong track record in supporting international corporates
to expand their operations, including manufacturing and sales, into
and across Asia. P&P provides
flexible accounting, tax and corporate service solutions that help
clients navigate the complexities of setting up and doing business
in the region, particularly in China where P&P has five offices. P&P
has enjoyed significant organic growth since its establishment in
2007 and has a multi-lingual talented team located across 10
offices who service international clients in English, Italian,
Spanish, German, Mandarin and Cantonese.
This is the sixth acquisition that Hawksford has made since it
was backed by private equity house Dunedin.
Hawksford's corporate clients will now have access to a greater
depth of service across the major economies of Asia, while P&P clients will be able to
utilise Hawksford's wider services in other locations.
P&P's Partners Stefano Passarello, Dario Acconci and Giacomo Stoppa will become shareholders in
Hawksford and continue in senior management roles ensuring
continuity for P&P's longstanding client base.
Michel van Leeuwen, Group Chief
Executive of Hawksford, said, "Hawksford's acquisition of P&P
fits our strategic aim of having a truly pan Asian services
platform. Fifty percent of Hawksford's employees are now based in
Asia, demonstrating the importance
of the region to our business. We are particularly pleased to have
secured our own wholly owned operating capability in China and we believe this will be a major
growth driver in coming years. Increasingly, corporate clients want
to have access to our services across all of Asia as they look to expand their own
businesses throughout the region.
"P&P is run by a team of entrepreneurs and professionals who
share Hawksford's values and strategic goals, and are passionately
client-orientated. We look forward to integrating P&P's staff
and services into the Hawksford network. Clients of both Hawksford
and P&P will see many benefits from this acquisition."
P&P Partners Stefano Passarello, Dario Acconci and Giacomo Stoppa added, "This acquisition presents
an exciting opportunity for P&P to gain increased access to the
UK market and consolidate our European reach through the
established and respected Hawksford brand, while P&P's reach
across key Asian countries was particularly attractive to
Hawksford. Under the Hawksford brand, we welcome the chance to
provide scalability and new services to our established client
base."
P&P is a corporate service provider with 140 employees
operating out of ten offices in Hong
Kong, Singapore,
Shanghai, Guangzhou, Beijing, Changshu, Shenzhen, Tokyo, Milan
and Barcelona. P&P provides
back office and outsourcing support to a blue chip and SME
international client base.
Hawksford is an international corporate, private client and
funds business. Hawksford established a presence in Asia in March
2014 through the acquisition of Janus Corporate Solutions in
Singapore, and expanded its Asian
operations through organic growth in Hong
Kong and a MAS regulated private wealth business in
Singapore.
About Hawksford Group:
http://www.hawksford.com
Twitter: @HawksfordGroup
Hawksford offers creative and pragmatic solutions for a wide
range of institutional, entrepreneurial and high-net-worth clients
across the globe.
An international and award-winning corporate, private client and
funds business, Hawksford consistently delivers impeccable service
and is focused on thinking beyond tomorrow. With clients in 115
countries, we offer a comprehensive range of services and solutions
to and for trusts, companies, foundations, partnerships, family
offices and investment funds. Hawksford also provides listing
services, wills and probate, succession planning and employee
solutions.
P&P
http://www.pndp.net