Private Equity Firm Financial Services

EQT Private Capital Asia

Hong Kong, Hong Kong, Hong Kong

Formerly known as BPEA, BPEA (Baring Private Equity Asia), BPEA EQT

EQT Private Capital Asia is EQT’s Asia-focused private capital platform, investing across sectors in partnership with management teams to support growth and value creation.

Focus Areas
Private equity, Growth and buyout investments

Tracked deals

4

4 tracked deals across 2020-2023.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

2 buyout · 2 growth capital

EQT Private Capital Asia Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for EQT Private Capital Asia. 1 2020 2 2021 1 2023

Supporting Data

Recent Transactions

  • Buyer
    NewSpring Mezzanine (NewSpring Capital), BPEA (Baring Private Equity Asia)
    Target
    Curalta Foot & Ankle

    NewSpring Mezzanine (part of NewSpring Capital) provided preferred equity and a delayed-draw senior subordinated debt facility to Curalta Foot & Ankle alongside BPEA. The financing will support Curalta’s geographic expansion and growth of its foot and ankle care services across its northeastern U.S. multi-location podiatry network headquartered in Rutherford, New Jersey.

  • Buyer
    Baring Private Equity Asia (BPEA)
    Target
    Tricor Group
    Seller
    Permira
    Location
    Hong Kong
    Type
    Buyout

    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.

  • Buyer
    Alibaba Group, Baring Private Equity Asia
    Target
    The CrownX
    Seller
    Masan Group Corporation
    Industry
    Retail
    Location
    Ho Chi Minh City, Vietnam

    A consortium led by Alibaba Group and Baring Private Equity Asia agreed to acquire a 5.5% stake in The CrownX for USD 400 million, implying a pre-money valuation of about USD 6.9 billion. The investment includes a strategic cooperation agreement with Lazada to accelerate The CrownX's offline-to-online (O2O) capabilities and expand its digital grocery ecosystem across Vietnam.

  • Buyer
    Brand Velocity Partners, Manning family (Archie, Cooper, Peyton, Eli), LaDainian Tomlinson, Steve Hutchinson, Landyn Hutchinson, Aberdeen Capital Management, ACE & Company, BPEA Private Equity, Cardinal Capital, The Cordish Companies, Darco Capital, Hermes GPE, Landon Investments, LLC, WhiteHorse Capital
    Target
    BBQGuys, Blaze Outdoor Products
    Industry
    E-Commerce
    Type
    Buyout

    Brand Velocity Partners (BVP) acquired BBQGuys, the leading e-commerce retailer of premium grills and outdoor-living products, and affiliated manufacturer Blaze Outdoor Products. The transaction includes a group of strategic and institutional investors (including the Manning family and athlete investors) and WhiteHorse Capital provided term-loan financing and invested in the equity; BVP intends to apply its in-house marketing and brand resources to accelerate growth.

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