Tricor Axcel Limited acquired Axcelasia Taxand Sdn Bhd for RM69,700,000, marking the first successful deal between firms in the Drew Network Asia.
Information on the Target
Tricor Axcel Limited, a subsidiary of the Tricor Group, recently completed its acquisition of Axcelasia Inc.’s subsidiary, Axcelasia Taxand Sdn Bhd, for a total consideration of RM69,700,000. This transaction is significant as it represents the first deal finalized between member firms of the Drew Network Asia (DNA), which was established in March 2020 to facilitate regional collaborations.
Axcelasia Taxand Sdn Bhd plays a crucial role as it directly controls the entire issued share capital of several subsidiaries, including Axcelasia Columbus Sdn Bhd, Axcelasia Corporate Services Sdn Bhd, Axcelasia Global Business Services Sdn Bhd, and Agensi Pekerjaan Axcelasia Talent Sdn Bhd. Together, these entities form a comprehensive group that delivers essential professional services, focusing on tax advisory, business consultancy, and technology advisory services.
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The professional services industry in Malaysia has shown considerable growth, driven by increasing demands for specialized financial consulting, tax advisory, and corporate gover
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Tricor Axcel Limited
invested in
Axcelasia Taxand Sdn Bhd
in
in a Buyout deal
Disclosed details
Transaction Size: $15M