EQT Acquires Baring Private Equity Asia

EQT (via Baring Private Equity Asia Fund VIII) Acquires PropertyGuru Group

August 16, 2024

Real Estate

EQT Private Capital Asia, via Baring Private Equity Asia Fund VIII managed by EQT, has completed the acquisition of PropertyGuru Group Limited for USD 6.70 per share, valuing the company at approximately USD 1.1 billion. PropertyGuru, the Singapore-headquartered PropTech marketplace serving Southeast Asia, will be taken private to accelerate technology development, expand market reach, and improve operational efficiency under EQT's ownership.

EQT Private Capital Asia (BPEA Fund VIII) Acquires WSO2

May 3, 2024

Software

EQT Private Capital Asia (BPEA Fund VIII), part of EQT, has agreed to acquire WSO2 from existing shareholders. WSO2 is an enterprise software provider of API management, integration, and identity and access management solutions; the deal is positioned to support WSO2's next phase of global growth and product innovation. Financial terms were not disclosed; the transaction is expected to close in H2 2024.

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.

EQT (BPEA Private Equity Fund VIII) Acquires Perficient, Inc.

October 2, 2024

IT Services

BPEA Private Equity Fund VIII (operating as EQT Asia) has completed the acquisition of Perficient, Inc., taking the St. Louis-based digital consultancy private and delisting its common stock from NASDAQ. Perficient — a global digital consultancy of about 7,000 employees — will focus on long-term growth, expanding talent and investing in next-generation digital capabilities under EQT ownership.

BPEA Private Equity Fund VIII (with Nord Anglia) Acquires IMG Academy from Endeavor

April 25, 2023

Education

BPEA Private Equity Fund VIII, an affiliated fund of BPEA EQT, will acquire IMG Academy from Endeavor Group Holdings for an enterprise value of USD 1.25 billion. The transaction is being completed in partnership with portfolio company Nord Anglia Education, which plans to integrate IMG Academy's sports-focused curriculum across its global school network and support IMG's international expansion, particularly into Asia.

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.