AsiaInspection second round shortlist includes CVC, IK and CITIC

19 October 2017

CVC CapitalIK Investment Partners, and China’s CITIC Capital are among shortlisted bidders for quality control and compliance-services provider AsiaInspection, said two sources familiar with the deal.


Four to five final bidders, all private equity firms, have been selected to place final bids, said the sources. Sellside adviser UBS initially invited as many as 50 potential buyers to look at the asset, as reported.


Asia Inspection has estimated EBITDA of around USD 20m-USD 22m, as reported.

 

While headquartered in Hong Kong, the company has the majority of its operations in Europe. 

 

AsiaInspection runs 20 offices serving clients from over 120 countries worldwide, according to its website.

 

Sébastien Breteau, the founder and CEO of the business, started the company in 2005. It provides quality control and compliance service partnering with brands, retailers and importers to secure, manage and optimise their global supply chain. It performs Supplier Audit Programs, Product Inspections and Lab Testing.

 

In 2015 AsiaInspection acquired ANSECO Group, the US-based consumer products testing laboratory specializing in children’s products, promotional products, hardlines and textiles. In 2013 AsiaInspection acquired CHB, a private Chinese-owned lab testing company and AsiaTech QC, a privately owned quality control company in China and Vietnam specialising in the technical industry.

 

CVC, CITIC Capital and IK Industrial declined to comment. UBS’ Hong Kong-based spokesman Mark Panday declined to comment.



AsiaInspection did not respond for comment.