BPEA EQT Merges Vistra and Tricor to Create $6.5B Global Fund and Corporate Services Platform
July 28, 2023
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.
- Buyers
- BPEA Private Equity Fund VIII (BPEA EQT)
- Targets
- Vistra, Tricor
- Platforms
- Tricor
- Industry
- Professional Services
- Location
- Singapore
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
Baring Private Equity Asia Acquires Tricor Group from Permira
November 2, 2021
Professional Services
Funds affiliated with Baring Private Equity Asia (BPEA) have agreed to acquire Tricor Group from Permira in a transaction that values Tricor at an enterprise value of $2.76 billion. The deal, expected to close in H1 2022 subject to regulatory approvals, gives BPEA a platform to support Tricor’s continued growth across Asia; Tricor serves ~50,000 clients with roughly 2,800 employees across 21 markets.
-
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.
-
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.
-
Bain Capital Private Equity and BPEA EQT Invest in CitiusTech
October 20, 2022
Healthcare Services
Bain Capital Private Equity has invested in CitiusTech, joining existing investor BPEA EQT (which acquired a majority stake in 2019). The minority investment will support CitiusTech's continued scaling, product/platform investments, and expansion of its digital healthcare technology and consulting services.
-
BPEA EQT Acquires Majority Stake in Indira IVF
July 28, 2023
Healthcare Services
BPEA EQT (BPEA Private Equity Fund VIII) has agreed to acquire a majority/control stake in Indira IVF, India’s largest network of fertility clinics, from TA Associates and the founding Murdia family. The investor said it will back Indira IVF’s R&D and digital capabilities while expanding the clinic network across India and into adjacent markets as part of a growth and scale strategy.
-
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.