Baring Private Equity Asia Acquires Tricor Group from Permira

BPEA EQT Merges Vistra and Tricor to Create $6.5B Global Fund and Corporate Services Platform

July 28, 2023

Professional Services

BPEA Private Equity Fund VIII (BPEA EQT) has completed the merger of Vistra and Tricor, creating a combined fund and corporate services platform valued at an enterprise value of US$6.5 billion and employing over 9,000 professionals across 50+ jurisdictions. The transaction consolidates complementary capabilities (fund administration, corporate secretarial, HR/payroll, trust and fiduciary services) to drive further organic and inorganic growth, with an emphasis on Asia as a core growth region.

Ares Management and Ontario Teachers' Acquire Majority Stake in TricorBraun

March 3, 2021

Packaging

Funds managed by Ares Management's Private Equity Group and the Ontario Teachers' Pension Plan Board have agreed to acquire a majority interest in TricorBraun from AEA Investors. Management will remain in place and retain a meaningful investment while AEA will retain a minority stake; the deal supports TricorBraun's next phase of growth through organic initiatives and strategic acquisitions.

EQT Acquires Baring Private Equity Asia

March 16, 2022

Financial Services

EQT AB has agreed to acquire Baring Private Equity Asia (BPEA) in a €6.8bn transaction comprising 191.2m new EQT shares and ~€1.5bn–€1.6bn in cash, creating a scaled Pan-Asian active ownership platform rebranded as BPEA EQT Asia. The combination brings BPEA's private equity and real estate capabilities into EQT's global platform, with BPEA CEO Jean Eric Salata to lead the combined Asian business.

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

BPEA EQT-led Consortium (BPEA Private Equity Fund VIII) and ChrysCapital Acquire 90% of HDFC Credila

June 20, 2023

Financial Services

A BPEA EQT-led consortium (BPEA Private Equity Fund VIII), alongside co-investor ChrysCapital, agreed to acquire a 90% stake in HDFC Credila from Housing Development Finance Corporation Ltd. The consortium will infuse INR 20 billion of primary capital to support HDFC Credila’s growth, accelerate its digital transformation, and expand its footprint while HDFC will retain a 9.99% minority stake.

Montagu Private Equity Acquires Majority Stake in ITRS Group from TA Associates

January 19, 2021

Software

Montagu Private Equity has agreed to acquire a majority position in ITRS Group from TA Associates, which will remain a minority shareholder alongside Montagu and ITRS management. ITRS, a London-headquartered provider of real-time monitoring and analytics software with more than 3,000 clients globally, will partner with Montagu to accelerate growth and expand its product and market footprint.