Baring Private Equity Asia (BPEA)

Baring Private Equity Asia (BPEA) is one of the largest private investment alternative firms in Asia.

The firm operates a direct investment program, financing controlling stake buyback transactions and providing growth capital to expand or absorb enterprises, focusing on the Asia-Pacific market, and investing in companies in other countries that can directly benefit from expanding their own presence in Asia.

BPEA also manages trust funds specializing in private real estate and private lending.

Offices

As of November 2019, the company has a staff of more than 160 employees working at BPEA missions in Hong Kong, mainland China, Japan, Singapore and Australia.

Performance indicators

2019: Total capital investments - over $18 billion

As of November 2019, the total amount of capital investments managed by the company exceeds $18 billion. The firm operates more than 30 portfolio companies in various regions of Asia, with 158,000 employees and sales revenues of about $31 billion.

History

2022: EQT AB bought Baring Private Equity Asia for $7.5 billion

In mid-March 2022, the Swedish investment giant EQT AB announced the purchase of an Asian competitor - Baring Private Equity Asia - for $7.5 billion, seeking to significantly expand its business in the region with fast-growing private markets. This is the largest takeover of a private investment company by another company from the industry, the agency said. Bloomberg

EQT AB, which since entering the exchange in 2019 has become one of the largest European direct investment groups, said the deal will allow the company to take market share in Asia. Due to the fact that Baring Private Equity Asia accounts for more than a third of the world gross domestic product (GDP) and in the region's little-studied private markets. The transaction will be financed by $191.2 million in ordinary shares of EQT AB in the amount of $5.8 billion, and the rest will be paid in cash. The transaction should be closed in the fourth quarter of 2022.

Swedish investment giant EQT AB announced the purchase of Asian rival - Baring Private Equity Asia - for $7.5 billion

Expanding our presence in Asia is part of the strategic goals we set ourselves during the IPO. Each of the countries of South-East Asia is at its own stage of development, but they are united by an abundance of niches for the introduction of new technologies; opportunities for the introduction of business models that already work in the formed Western markets and have significant potential for economic growth, "said Christian Sinding, Chief Executive Officer of EQT.

EQT AB's management expects the growth rate of these private markets to be almost double the growth rate of the world, and investors intend to significantly increase their allocations to private markets in this region. Baring Private Equity Asia with $19.5 billion in assets under management will be renamed BPEA EQT Asia and will remain under the leadership of the current general director Jean Eric Salata.^[1]

2020: Virtuusa Purchase

In September 2020, the Baring Private Equity Asia fund announced the acquisition of Traditiusa for $2 billion, which, in terms of one share of the company sold, is $51.25. This is 27% more than the quotation rate by the time the exchange closes on the eve of the announcement of the transaction. More details here.

2019: Acquisition of Israeli cosmetics company Lumenis

On November 21, 2019, TAdviser became aware that the Hong Kong-based investment holding Baring Private Equity Asia (BEPA) announced a deal to acquire the Israeli cosmetics company Lumenis. According to The Times Of Israel, the deal is over $1 billion. More details here.

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