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The Executive Centre bought by KKR and Tiga Investments as pandemic spurs consolidation of Hong Kong’s flexible workspace sector

Hong Kong-based flexible workspace provider The Executive Centre has been acquired by private-equity firm KKR and Tiga Investments for an undisclosed amount, the company announced on Tuesday.It marks the latest consolidation in an industry that has been restructuring amid the global downturn triggered by Covid-19.“We are pleased to welcome KKR and Tiga Investments to The Executive Centre as our new investors,” said Paul Salnikow, founder and chief executive officer of TEC. “It’s a powerful…

Read the original article at South China Morning Post

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