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Asia Private Equity House Completes Majority Stake Acquisition In Vistra Group
The private equity house has completed its purchase of a majority stake in the provider of corporate, trust and fund administration services.
Baring Private Equity Asia yesterday completed its acquisition of
a majority stake – announced in May this year - in Vistra
Group.
This change of investor from the previous majority stakeholder,
IK Investment Partners, does not affect the ongoing operations of
Vistra Group, whose management team will continue to hold a
significant shareholding in the company, according to a statement
from Baring Private Equity Asia. The financial size of the
transaction was not disclosed.
The private equity house oversees more than $9 billion in
capital.
Vistra Group is
a global provider of corporate, trust and fund administration
services.