M&A Deal Summary

Baring Private Equity Asia Acquires Vistra Group

On May 22, 2015, private equity firm Baring Private Equity Asia acquired financial services company Vistra Group from IK Partners

Acquisition Highlights
  • This is Baring Private Equity Asia’s 2nd transaction in the Financial Services sector.
  • This is Baring Private Equity Asia’s 6th transaction in China.

M&A Deal Summary

Date 2015-05-22
Target Vistra Group
Sector Financial Services
Buyer(s) Baring Private Equity Asia
Sellers(s) IK Partners
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Lazard Ltd. (Financial)
Clifford Chance (Legal)

Target

Vistra Group

Hong Kong, China
Vistra Group is a provider of international incorporations, trust, fiduciary and fund administration services. Vistra Group is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 19 of 43
Sector (Financial Services) 2 of 3
Type (Secondary Buyout) 4 of 14
Country (China) 6 of 11
Year (2015) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Primo Japan

Tokyo, Japan

Primo Japan provides production and retail of semi-customized bridal jewelry, including engagement rings and wedding rings. The Company operates three brands, I-PRIMO, Lazare Diamond and SELEXIA, and has a total of 88 stores in Japan (76 stores), Taiwan (10 stores) and Hong Kong (2 stores). Primo Japan was established in 1999 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 RSP

Bangalore, India

RSP is a global network of design consultants with offices in 10 countries. RSP consultants bring rich insight and experience into the way design works in India and work alongside clients to create long-lasting, future-looking buildings and spaces. RSP was founded in 1996 and is based in Bangalore, India.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 67 of 112
Sector (Financial Services) 1 of 4
Type (Secondary Buyout) 22 of 47
Country (China) 1 of 1
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-24 Sportgroup

Burgheim, Germany

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Cerelia

Paris, France

Cerelia is a provider of innovative bakery solutions with a product portfolio including ready-to-bake pie and pizza dough, pancakes, crepes, and cookies. Cerelia was founded in 1999 and is based in Paris, France.

Buy -