Global private equity firms, including Warburg Pincus and Carlyle Group Inc are among investors considering bids for Asia-focused corporate services firm Acclime, according to people familiar with the matter.

Other alternative asset managers weighing bids for the Hong Kong-based company include Blackstone Inc, KKR & Co, and TPG Inc, the people said, asking not to be identified discussing confidential information. A transaction could value Acclime at as much as $1 billion, the people said.

Acclime began a process earlier this year after having initially evaluated a potential sale of the business in 2024, the people said. Considerations are preliminary and no final decisions have been made, they said.

A representative for Acclime didn’t respond to a request seeking comment, while the private equity firms declined to comment.

Acclime offers services including market entry consulting, accounting, tax, governance, and human resources, according to its website. The company, which operates in about 18 markets, was co-founded by Martin Crawford, a former chief executive officer at bigger rival Vistra. EQT AB merged Tricor Group and Vistra in 2023 in a $6.5 billion deal.

Acclime has expanded both organically and via acquisitions, including Crowe Singapore and Boutique Capital in Australia earlier this year.