Hong Kong: Baring Asia Completes Deal To Acquire Majority Stake In Vistra Group
Last Updated: 2 November 2015

Baring Private Equity Asia ("Baring Asia"), one of Asia's largest and most established independent private equity firms, has today completed the deal announced in May to acquire a majority stake in Vistra Group (following regulatory approvals). This change of investor from the previous majority stakeholder, IK Investment Partners ("IK"), does not affect the ongoing operations of Vistra Group, whose management team will continue to hold a significant shareholding in the company.

Advising funds that manage more than USD9 billion in committed capital, Baring Asia runs a pan‐Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions, making it a perfect partner to support and enhance Vistra Group's continued growth.

Commenting on the completion, Martin Crawford, CEO of Vistra Group, said, "Our partnership with Baring Asia brings a new and exciting chapter for the Vistra Group. With their support, we can continue the success and growth of the firm to the satisfaction of our clients, our employees and our shareholders. We very much look forward to what lies ahead.

"I would like to thank IK for their help in building the Vistra Group into the successful business it is today. Under their stewardship, we have become one of the global market leaders in our industry, of which we and they can be hugely proud."

Jean Eric Salata, Founder and CEO of Baring Asia, added, "Vistra Group has an impressive track record, which has resulted in its position as one of the industry leaders. We are delighted to be partnering with Vistra Group to build on its success and drive it forward into a new era."

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