Acted as Cayman Islands and British Virgin Islands counsel in relation to EQT AB ("EQT")'s acquisition of Hong Kong-based Baring Private Equity Asia ("BPEA") for EUR 6.8 billion. The combined business will be rebranded as BPEA EQT Asia and will continue to be led by BPEA CEO Jean Eric Salata and BPEA's senior management team. The transaction is expected to close in Q4 2022.
The combination with BPEA, a leading Pan-Asian private markets investment manager, represents a strategic growth to EQT's presence in Asia and provides an opportunity to leverage the strengths of both organizations to create one of the leading players in active ownership in Asia to capitalize on the Asian growth opportunity.
Multi-disciplinary teams from the Group's law firm in Hong Kong, the Cayman Islands and the BVI advised on the M&A and funds aspects of the transaction. The M&A legal team was led by partners Sophia Scott and Ruairi Bourke and associates Maximilian Chung, Jordan Southway and Brittney Smith. The funds legal team was led by partner Sharon Yap and associate Aidan O'Regan