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GP Bullhound expands into Asia with launch of Hong Kong office

Asian Horizons report shows the unprecedented growth of Asian investment in European tech

7 June 2017, Hong Kong – GP Bullhound, the technology investment bank, today announces the opening of a new office in Hong Kong. The office will strengthen the firm’s presence in Asia and provide vital access for European founders and entrepreneurs to harness the growing interest from Asian buyers and investors.

Data compiled by GP Bullhound shows that Asian acquisitions of European technology businesses nearly doubled between 2014 and 2016, with 49 deals closed in 2016.
Hugh Campbell, Managing Partner of GP Bullhound, commented: “In the light of several successful transactions recently completed with Asian buyers, and the increasing interest from Asian investors in the European technology sector, we are taking the step to open this office in Hong Kong. With this new location, and in addition to our San Francisco office, we provide global access to our European clients to help them build and scale billion-dollar technology businesses.”

GP Bullhound already has a proven track record in Asia with six transactions closed recently with Asian counterparties. These include the sale of Finnish automotive software company Rightware to Beijing-based Thundersoft for €64m, the sale of the UK-based computer gaming company Splash Damage to Hong Kong-based Leyou Technologies in a transaction valued up to $160m, the sale of the London-based Digital Agency The Bio Agency to Tech Mahindra, the sale of Danish Digital Agency Designit to Wipro for €85m, and the sale of Danish wireless audio company Libratone to a China-based investor consortium.

In its latest research report released today “Asian Horizons”, GP Bullhound’s Director in Hong Kong, Per Lindtorp, analyses the rapidly increasing connections between the European and Asian technology sectors and provides a comprehensive analysis of the Asian markets driving investment, and of the regions and sectors attracting most investment and attention in Europe.

The full report, ‘Asian Horizons’, is available for download here.

The GP Bullhound office in Hong Kong will be led by Per Lindtorp, Director, and expands GP Bullhound’s global reach, supplementing existing offices in London, San Francisco, Stockholm, Berlin, Manchester and Paris. The full team is now comprised of over 80 staff worldwide.

Enquiries
For enquiries, please contact Hugh Campbell, Managing Partner, at hugh.campbell@gpbullhound.com or Per Lindtorp, Director, at per.lindtorp@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology merchant bank, providing transaction advice and capital to the best entrepreneurs and founders in Europe and beyond. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris and Hong Kong. The firm’s advisory team has completed over 240 M&A and Capital transactions to date, working with category leaders including Essence, Avito, Delivery Hero, Fjord, King Digital Entertainment, Pingdom, Innogames, Spotify and many more. Through its principal investment team, GP Bullhound provides institutions, family offices and entrepreneurs with access to some of the most ambitious privately-held technology and media companies in Europe. The firm’s events and speaking activities bring together thousands of Europe’s leading digital entrepreneurs and technology investors throughout the year, and its thought-leading research is read by decision makers globally, and regularly cited in leading newspapers and publications. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound