EQT Private Capital Asia (BPEA Fund VIII) Acquires WSO2

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.

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.

EQT X Becomes Anchor Investor in WTS Group

April 2, 2025

Accounting & Tax

EQT, through its EQT X fund, has become an anchor investor in WTS Group in a long-term strategic partnership that will provide significant growth capital. The partnership will support WTS's international expansion and investments in digital services and AI while enabling inorganic growth through M&A.

EQT Group Acquires PageUp Group

October 31, 2024

Cloud & SaaS

EQT Group (via its BPEA Fund VIII / EQT Private Capital Asia vehicle) has acquired Australian-founded SaaS talent management provider PageUp Group from majority owner Battery Ventures. The investment will support PageUp’s international expansion and AI-driven product innovation while enabling a leadership transition as outgoing CEO Mark Rice retires and Eric Lochner becomes CEO.

Symphony Technology Group Acquires SAI360 from BPEA EQT

December 14, 2022

Cloud & SaaS

Symphony Technology Group (STG) has entered into and completed a definitive agreement to acquire SAI360, a Chicago‑headquartered cloud risk management and compliance SaaS provider, from BPEA EQT (BPEA Fund VI). The acquisition (terms not disclosed) is intended to accelerate SAI360's product innovation and growth while expanding STG's portfolio in software, data and analytics. The transaction was subject to customary regulatory approvals and closed in 2023 (expected/announced Q2 2023 in press releases).

BPEA Fund VIII‑backed APAC HR Tech (EQT) makes growth investment in Fitness Passport

May 3, 2024

Healthcare Services

BPEA Fund VIII has capitalised APAC HR Tech Pty Ltd — an APAC‑focused HR technology investment vehicle — which has made an initial growth investment in Fitness Passport, supporting the management team, founders and existing shareholder The Growth Fund. The investment is intended to help build an interconnected HR tech and workplace wellbeing offering across the Asia‑Pacific region.