BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

firm. Previously it was an affiliate of

Barings Bank Barings Bank was a British merchant bank based in London, and one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member ...

before becoming an independent firm. In 2022 it was acquired by

EQT Partners EQT AB Group is a global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. , EQT's assets under management ...

to act as its Asian investment platform. It is one of the largest private equity firms in Asia.

History

Baring Private Equity Asia (BPEA) was founded in 1997 as a subsidiary of Baring Private Equity International (BPEP International) which was an affiliate of

. In addition to BPEA, the affiliates of BPEP International include

Baring Vostok Capital Partners Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including ...

, Baring Private Equity Partners India and GP Investments. In 2000, Jean Eric Salata led a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...

of BPEA leading it to be established as an independent Firm. In 2016,

Affiliated Managers Group Affiliated Managers Group, Inc. (NYSE: AMG) is a strategic partner to independent investment management firms globally, with equity stakes in a number of partner-owned traditional investment managers, hedge funds, and specialized private equity fi ...

acquired a 15% minority stake in BPEA. In 2017, BPEA launched it's Credit investment unit in India after acquiring the Credit unit of

Religare Religare Enterprises Limited (REL) is an Indian Investment company registered with the Reserve Bank of India (RBI), headquartered in New Delhi, India. REL is listed on National Stock Exchange of India and Bombay Stock Exchange. It is an holdi ...

Global Asset Management. In March 2022,

acquired BPEA for $7.5 billion. On October, the acquisition was complete and the firm was renamed to BPEA EQT.

Business overview

BPEA EQT mainly focuses on the Asia Pacific Region. It has three investment strategies which are: * Private Equity * Real Estate (operates under the EQT Exeter brand) * Credit (operates as BPEA Credit that focuses on India) BPEA EQT has offices in Beijing, Hong Kong, Mumbai, Seoul, Shanghai, Sydney and Tokyo.

Funds

Private Equity

Real Estate

Credit

Portfolio companies

Cath Kidston Limited Cath Kidston Limited is a British international home furnishing retail company with headquarters in London, with a focus on handicraft and vintage themed items that embody a quintessentially British lifestyle. Designer Cath Kidston opened her f ...

Clarivate Analytics Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business / market intelligence, and competitive profiling for ...

* Coforge * JD Health * Kyobo Life Insurance Company Limited *

Nord Anglia Education Nord Anglia Education, commonly referred to as Nord Anglia, is a provider of international schools. The head office is in Nova South, 160 Victoria Street, London. Nord Anglia has 70+ private day and boarding schools which are located in 30 co ...

* Pioneer *

Prometric Prometric, also known as Prometric Testing, is a U.S.-based company in the test administration industry. Its corporate headquarters is located in Canton (Baltimore, Maryland) in the United States. Prometric operates a test center network composed ...

RBL Bank RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business bank ...

SAI Global SAI Global is a multinational business services company based in Chicago, Illinois, United States. It offers risk management services, quality assurance audit and certification, auditor training, standards information services, and property service ...

Shinhan Financial Group Shinhan Financial Group Co., Ltd. () is a financial holding company headquartered in Seoul, South Korea. Its subsidiaries provide a full range of financial services, including banking, securities, life insurance, and investment banking. It is one ...

Solera ''Solera'' is a process for aging liquids such as wine, beer, vinegar, and brandy, by fractional blending in such a way that the finished product is a mixture of ages, with the average age gradually increasing as the process continues over many ...

* St. George's University *

TELUS International TELUS International is a Canadian technology company which provides IT services and multilingual customer service to global clients. Clients include corporations in technology, games, communications & media, eCommerce, fintech, travel & hospitali ...

* Tricor *

Virtusa Virtusa Corporation is an American information technology services company founded in 1996 in Sri Lanka and has its headquarters in Southborough, Massachusetts, United States. The company provides IT consulting, business consulting, systems imple ...

* Vistra

Notable Transactions

* In 2011, BPEA EQT sold its holding in

Hsu Fu Chi Hsu Fu Chi (徐福记) is a Chinese company, based in Dongguan, China, that manufactures various confectionaries, biscuits, chocolates, jellies, sachima, and snacks. The company is majority owned by Nestlé, and minority owned by the Hsu family ...

Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

in a $1.7 billion deal. * In 2012, BPEA EQT successfully exited Courts Asia by listing it on the

Singapore Stock Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

. * In 2015, BPEA EQT acquired a majority stake in Vistra from IK Investment Partners. *In 2016, BPEA EQT and

Onex corporation Onex Corporation is an investment manager founded in 1984. The firm manages capital on behalf of Onex shareholders, institutional investors and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$47.2 ...

acquired the Intellectual Property & Science business of

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corp ...

for $3.55 billion. * In 2017, Post Holdings acquired

Weetabix Limited Weetabix Ltd., trading under the name Weetabix Food Company and commonly referred to as simply Weetabix, is a food processing company that is responsible for the production of breakfast cereal brands, including Weetabix, Alpen, Crunchy Bran a ...

, UK based manufacturer of the Weetabix, Alpen and Ready Brek brands of breakfast cereals, from

Bright Food Bright Food (officially Bright Food (Group) Co., Ltd.) is a multinational food and beverages manufacturing company headquartered in Shanghai, China. It is the second-largest China-based food manufacturing company measured by 2011 revenues. The com ...

and BPEA EQT for $1.4 billion. * In 2018, BPEA EQT sold its holding in

PSB Academy PSB Academy is a private educational institution that offers Certificates, Diplomas, Bachelor's and master's degree programmes in Singapore. PSB Academy is registered under the Committee for Private Education (CPE). There is six schools – which ...

to Intermediate Capital Group. *In 2020, BPEA EQT and CITIC Capital sold their holdings in Wall Street English to its original founder, Luigi Tiziano Peccenini. *In 2021, BPEA EQT acquired

for $2 billion. *In November 2021, BPEA EQT acquired Tricor from Permira in a $2.8 billion deal. *In September 2022, BPEA EQT explored merging two of its portfolio companies, Tricor and Vistra in a $8 billion deal.

References

External links

* {{Private equity and venture capital Alternative investment management companies Companies of Hong Kong Financial services companies established in 1997 Investment banking private equity groups Private equity firms of Asia-Pacific 2022 mergers and acquisitions