HONG KONG, May 10 --Xinhua/PRNewswire-AsiaNet/InfoQuest
Hill & Associates ("H&A"), Asia-Pacific's leading risk management consultancy today announced that it had successfully reached agreement with Navis Investment Partners (Asia) Limited ("Navis") whereby Navis and Management will inject new equity capital in a transaction whereby they will jointly control in excess of 90% of the shares of the Company.
Commenting on the transaction, Colin Hill stated, "This deal is a watershed moment for H&A. We've built a world-class team and delivery platform and created the strongest risk management and business intelligence capability in Asia. With Navis working alongside us as partners, we can now propel ourselves to the next level in the development and refinement of our services and in the growth of our business."
Navis is an Asian based private equity firm that seeks investment opportunities in Asia where it can contribute both capital and management expertise to well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has offices in Kuala Lumpur, Bangkok, Hong Kong and Mumbai and manages approximately US$450 million in capital.
"We are pleased about this investment," says Rodney Muse, Director at Navis. "Navis backs leaders with clear competitive advantage. Hill & Associates, with strong management and broad geographic coverage around the region, fits this investment approach to a 'T'."
The firm has also announced two strategic management hires. Richard Hickson, who succeeds Colin Hill as CEO, joins H&A with 18 years of management experience in the security industry most recently as President of Brink's Inc. Meanwhile, Kim Frisinger joins the company as Executive Vice President and Practice Head of Business Intelligence & Integrity Risk. Kim, a qualified accountant whose career began in the FBI, brings 23 years of diverse management experience spanning the financial services, electronics and construction industries. According to Colin Hill, who becomes Chairman of H&A, Richard and Kim are both powerful new additions to the Hill team. "Their contributions will be felt immediately and their strategic impact cannot be underestimated. With the addition of management talent like this, we are one step closer to realising our vision."
The Agreement, which was finalised on May 9th, is subject to closing
conditions typical for transactions of this type. Meanwhile, the capital injected by Navis' will primarily be used to restructure H&A's balance sheet and provide expansion capital for strategic development purposes.
About Hill & Associates
With 17 offices around the world, Hill & Associates is Asia's leading risk management and business intelligence firm. By combining local knowledge and expertise with world-renowned professionalism, leading edge technology partnerships and a comprehensive range of integrated services, we are able to bring meaningful, value-added solutions to our clients that enable them to operate safely, efficiently and without disruption in some of the worlds most difficult markets. We address a wide range of business risks, including regulatory and compliance issues that potentially threaten our clients' ability to operate and develop comprehensive solutions for both prevention and response. To learn more visit us at www.hill-assoc.com.
Media contact:
SueAnn Liu
Tel: +852-2802-2123
Email: [email protected]
SOURCE: Hill & Associates
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