Ascentium, an Asia-based business services platform backed by Hillhouse Investment, has acquired the 33-year-old advisory firm Dezan Shira & Associates. The deal integrates Dezan Shira’s inbound expertise with Ascentium’s outbound focus, filling a gap in the platform’s mainland China coverage. CEO Lennard Yong stated the move positions the firm to support Chinese companies expanding globally as the nation becomes a net investor overseas.
With Chinese outward investment rising to $174 billion last year, firms are diversifying supply chains and targeting emerging markets. Read the full story at Fortune (subscription).
Source · Fortune
