Services
Services account for a majority of Asian GDP – and this share is rising. The Asian Services sector has entered a stage of rapid growth, fuelled by increasing cross-border consolidation and technological innovation and connectivity. Many trends have been significantly accelerated by the impact of Covid-19, such as remote delivery and digitisation.
Within the Services space, we focus on the four subsectors of Business Services, Commercial Services, Transportation & Logistics and Infrastructure+.
We understand the drivers and challenges of these global industries from our vantage point in Asia and we have assembled a dedicated team with strong sector expertise and a wide network of contacts in order to provide our clients with targeted advice and insights. This has allowed us to work on a variety of notable transactions such as those listed below.

Mark Webster
Partner, Head of Singapore, Head of Services and Sustainability
received investment from PATRIZIA and Mitsui (APAC Sustainable Infrastructure Fund)
2025
acquired 100% stake in
from
2024
acquired 75% stake in
2024
sold minority stake in
to
2024
a portfolio company of
has been acquired by
2024
divested Oriental Foods and IIT Corporation to
2024
acquired 70% of
2023
divested Vac-Tech Engineering to
2023
has been acquired by
2022
Doosan Enpure a subsidiary of
has been acquired by
2022
a portfolio company of
has acquired
2022
divested minority stake in
to
2022
divested Doosan Babcock Limited to
2022
Honour Lane Shipping has been acquired by
2022
a portfolio company of
has been acquired by
2022
raised US$50m in Series B capital and formed a strategic partnership with
2022
a portfolio company of
has been acquired by
2022
divested stake in
to
2021
a portfolio company of
divested 100% to
2021
a portfolio company of
divested 100% to
2021
divested
2021
divested
to
2020
acquired
EMC Holdings from
2020
has been acquired by
2018
Xinbang Logistics a portfolio company
has been acquired equity stake by
2016
divested Kolon Water & Energy
2016
acquired Barclay Vouchers in Japan
2012
acquired majority stake of Realys Group in China
2011
Divested Phillipines-based subsidiary, Fedders Koppel Inc to KPL Aircon, Inc
2008
Divested Cengage’s 50% stake and placement of shares Manipal Universal Learning
2007