Английская Википедия:BPEA EQT

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Шаблон:Short description Шаблон:Use dmy dates Шаблон:Infobox company BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an Asian investment firm headquartered in Hong Kong. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022, it was acquired by EQT Partners to act as its Asian investment platform. BPEA EQT 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 Partners which was an affiliate of Barings Bank. In addition to BPEA, the affiliates of Baring Private Equity Partners include Baring Vostok Capital Partners, Baring Private Equity Partners India and GP Investments.

Jean Salata and two other senior colleagues from the investment arm of AIG were set to run it with the ING Group providing $300 million in seed money. However, the two colleagues pulled out and ING downsized its commitment to $25 million due to the collapse or Barings Bank and the Asian financial crisis. However, despite the difficult circumstances, Salata recruited a team and deployed capital into NetEase and Mphasis. These successful investments allowed BPEA to raise $300 million for its debut fund in 1999.

In 2000, Salata led a management buyout of BPEA leading it to be established as an independent Firm. The firm would keep the Barings brand name and the ING relationship in exchange for a share of the profits for a limited period.

In 2016, Affiliated Managers Group acquired a 15% minority stake in BPEA.

In 2017, BPEA launched its Credit investment unit in India after acquiring the Credit unit of Religare Global Asset Management.

In March 2022, EQT Partners 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, Singapore, Sydney and Tokyo.

Funds

Private Equity

Fund	Vintage Year	Committed Capital ($m)
Baring Asia Private Equity Fund	1999	USD 305
Baring Asia Private Equity Fund II	2002	USD 257
Baring Asia Private Equity Fund III	2005	USD 490
Baring Asia Private Equity Fund IV	2008	USD 1,515
Baring Asia Private Equity Fund V	2011	USD 2,460
Baring Asia Private Equity Fund VI	2015	USD 3,980
Baring Asia Private Equity Fund VII	2020	USD 6,500
Baring Asia Private Equity Fund VIII	2022	USD 11,200

Real Estate

Fund	Vintage Year	Committed Capital ($m)
Baring Asia Real Estate Fund	2015	USD 365
Baring Asia Real Estate Fund II	2018	USD 1,000

Credit

Fund	Vintage Year	Committed Capital ($m)
BPEA Credit – India Fund I	2017	USD 90
BPEA Credit – India Fund II	2019	USD 140
BPEA Credit – India Fund III	2022	USD 475

Transactions

• In 2011, BPEA EQT sold its holding in Hsu Fu Chi to Nestlé in a $1.7 billion deal.
• In 2012, BPEA EQT successfully exited Courts Asia by listing it on the Singapore Stock Exchange.
• In 2015, BPEA EQT acquired a majority stake in Vistra from IK Investment Partners.
• In 2016, BPEA EQT and Onex Corporation acquired the Intellectual Property & Science business of Thomson Reuters for $3.55 billion.
• In 2017, Post Holdings acquired Weetabix Limited, UK based manufacturer of the Weetabix, Alpen and Ready Brek brands of breakfast cereals, from Bright Food and BPEA EQT for $1.4 billion.
• In 2018, BPEA EQT sold its holding in PSB Academy 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 Virtusa for $2 billion.
• In April 2023, Endeavor agreed to sell Florida-based sports education institution IMG Academy to BPEA EQT for $1.25Шаблон:Nbspbillion.
• In July 2023, BPEA EQT merged Vistra and Tricor in a $6.5 billion deal.

External links

• Шаблон:Official website