HONG KONG, Nov 10 (Reuters) - Acclime, a Hong Kong-based

advisory and corporate services firm, has selected a handful of

bidders to submit binding offers for the company, in a deal that

could value the firm at more than $900 million, three people

with knowledge of the transaction said.

KEY DETAILS

* Global buyout firms including KKR & Co ( KKR ), TPG

and

Warburg Pincus are into the second round of the Acclime

bidding process, the people said. The three firms declined to

comment.

* The bidders are valuing the firm at high teens to 20 times

its

core earnings, said one of the people, adding that Acclime could

reach a valuation of close to $1 billion.

* Acclime has hired Deutsche Bank to run the sale

process, and wants to wrap the deal by end-2025, the people

said. Acclime did not immediately respond to a Reuters request

for comment. Deutsche Bank declined to comment. The people could

not be named as the information was confidential.

CONTEXT

* Acclime was founded in 2019 by Martin Crawford and

Debby

Davidson to help corporations navigate Asia's complex markets,

its website shows.

* Investment manager Barings provided senior secured credit

facilities totalling more than $150 million in May 2024 to

support Acclime's continued expansion, the firm announced at the

time.

* Acclime operates across the Asia-Pacific and has offices

in

Mauritius, Seychelles, UAE, and Samoa, according to its website.