Warburg Targets Cross-Border Services Demand in Asia

Warburg targets cross-border services demand in Asia after agreeing to invest in corporate services provider Acclime to fund the group’s expansion as cross-border business activity increases.

The transaction could value Acclime at USD950m to USD1bn, although financial terms were not disclosed.

Founded in 2019 by Martin Crawford, Acclime provides accounting, human resources, payroll, tax, risk and advisory services.

Warburg said Acclime has completed more than 50 acquisitions, operates in 18 markets and employs over 2,000 people.

The firm counts more than 17,000 clients, including family offices, private capital firms and multinational subsidiaries, and appointed Izzy Silva as chief executive in 2024.

Warburg’s Saurabh Agarwal cited rising regulatory complexity and tech-forward client needs as drivers as Warburg targets cross-border services demand in Asia.