Hillhouse - KMC Solutions
Hillhouse, through Hermes Bidco, proposes to acquire a majority interest in KMC Solutions Hong Kong Limited. Hillhouse is a global alternative investment manager that deploys capital across multiple strategies, including public equities, private equity, private credit, and real assets. Through its private equity arm, Hillhouse invests in long-term global opportunities across the business services, healthcare, consumer, and industrials sectors. One of Hillhouse’s investments is in Ascentium, a Singapore-based platform focusing on trust and corporate services in Asia-Pacific region, including in Australia. It provides administration, compliance, and business solution, which includes employer of record (**EOR**) or Professional Employer Organisation (**PEO**) services. The target, KMC Solutions is a business that primarily operates in the Philippines, supplying workspace and EOR and PEO services, including to Australia.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 28 April 2026
- Determination published
- 25 May 2026
Acquirers
- Hermes Bidco Limited
Targets
- KMC Solutions Hong Kong Limited