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PRINT THIS PAGE US firm Thomas H. Lee Partners and H&Q Asia Pacific form alliance06/09/2005. Source: AltAssets. 
 US private equity firm Thomas H. Lee Partners and H&Q Asia Pacific, a private equity firm that invests throughout the Asia Pacific region, will begin working in partnership to allow THL Partners' portfolio companies to locate expansion and outsourcing opportunities in Asia. The two private equity firms also plan to jointly pursue buy-out opportunities in Greater China, Japan and Korea.
Scott Sperling, co-president of THL Partners, said, 'THL Partners is very pleased with the opportunity to work with H&Q Asia Pacific and to have an established partner in Asia. This relationship will provide us with an unmatched ability to help our companies exploit both operating benefits and expansion opportunities into this very important region. This relationship will also provide our investment team a strong local partner to help explore investment opportunities that may arise in these large and rapidly growing markets. We look forward to having their insight and presence.'
Dr Ta-lin Hsu, founder and chairman of H&Q Asia Pacific, added, 'We are tremendously excited by the amount and nature of opportunities that exist in Asia today and those that we believe will emerge in the next few years. By creating a platform to work together, we hope to draw upon the unique competitive advantages and complementary strengths of each firm to capitalise on these opportunities in Asia.'
THL Partners acquires substantial ownership positions in growth companies through leveraged acquisitions, recapitalisations and direct investments. THL Partners was part of the consortium that last month sold its controlling interest in German private TV broadcasting company ProSiebenSat.1 Media AG to German publishing group Axel Springer in a €2.5bn deal.
H&Q Asia Pacific invests in a variety of sectors, including technology, manufacturing, branded consumer products, financial services, media and real estate.
Copyright © 2005 AltAssets
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