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The Executive Centre Acquired by U.S.-led Consortium

Jo MeunierbyJo Meunier
June 4, 2021
in News
Reading Time: 1 min read
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KKR And TIGA Investments To Acquire The Executive Centre

The Executive Centre, KKR and TIGA Investments announced the signing of definitive agreements under which a consortium led by KKR and TIGA Investments will acquire TEC.

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The Executive Centre, a leading flexible office brand in Asia Pacific, has been acquired by a consortium led by U.S. investment firm Kohlberg Kravis Roberts and Singapore’s Tiga Investments.

The deal comes as demand is expected to rise for coworking and flexible office space as the Covid-19 pandemic is brought under control.

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The Executive Centre operates more than 150 flexible office and conference spaces across 32 cities, including in China, Japan, South Korea, Southeast Asia, Australia and India.

The Executive Centre CEO Paul Salnikow, who founded the company in 1994, said in a news release: “It’s a powerful partnership, well matched to drive the continued performance and growth of TEC.”

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Yardi Kube automates flex and coworking operations

S.J. Lim, a KKR managing director, said: “Flexibility will be key in companies’ future workplace strategies. We believe The Executive Centre is well placed to capture new growth opportunities and build on its longstanding leadership position in Asia’s premium workspace segment.”

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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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