Ascentium Acquires Dezan Shira to Strengthen Position in China’s Outbound Investment Sector

Ascentium Acquires Dezan Shira: A Strategic Move in Global Business Services

Ascentium, a rapidly growing business services platform, has announced its acquisition of Dezan Shira & Associates, an advisory firm renowned for its expertise in helping companies navigate the complexities of doing business in Asia. Backed by Hillhouse Investment, the acquisition marks a significant expansion of Ascentium's capabilities in mainland China and Southeast Asia, allowing it to better assist multinational companies seeking to invest in the region.

Expanding Capabilities in Key Markets

With this acquisition, Ascentium aims to enhance its service offerings, particularly for those multinational corporations eager to penetrate the lucrative Chinese market. According to Lennard Yong, Ascentium’s co-founder and CEO, the firm previously lacked the necessary capacity to effectively support companies entering mainland China.

“Now, with the addition of new offices in cities like Guangzhou and Tianjin, we can pair our outbound expertise with Dezan Shira’s strong inbound knowledge,