HSBC Private Equity renamed Headland Capital Partners after management buyout
01 Dec 2010
The management team of HSBC Private Equity (Asia) (HPEA) today said that it had completed its buyout of the company yesterday, which has now been renamed Headland Capital Partners.
Headland said that it continues to advise funds with capital of approximately $2.4 billion.
Headland's management team now owns 80.1-per cent of the company, while HSBC retains a 19.9 per cent stake. HSBC also remains one of the largest investors in the funds advised by Headland.
''We have been advising Asian private equity and venture capital funds for more than 20 years and, following the buyout, Headland's team looks forward to continuing our close partnership with portfolio companies and delivering attractive returns to our funds' investors,'' said George Raffini, managing partner of Headland Capital Partners.
''Initially, 16 colleagues are joining me as owners of our business. The team is truly excited about this next phase in our firm's development, while continuing the relationship with HSBC,'' he added.
''We believe that Headland is well-positioned to capitalise on the attractive economic fundamentals and business trends in much of Asia. We focus on investing in companies which have the prospect of out-competing rivals, gaining industry dominance and achieving profitable growth'' added Marcus Thompson, Managing Partner of Headland Capital Partners.
