M&A Deal Summary

Vistra Group Acquires Tricor

On July 28, 2023, Vistra Group acquired business services company Tricor from EQT Private Capital Asia

Acquisition Highlights
  • This is Vistra Group’s 13th transaction in the Business Services sector.
  • This is Vistra Group’s 1st transaction in China.

M&A Deal Summary

Date 2023-07-28
Target Tricor
Sector Business Services
Buyer(s) Vistra Group
Sellers(s) EQT Private Capital Asia
Deal Type Merger

Target

Tricor

Hong Kong, China
Tricor is a corporate services provider across 20 markets globally, with a strong presence in 13 markets in the APAC region. It offers a range of services across accounting and payroll for MNCs and SMEs, corporate governance and secretarial services for both listed and unlisted companies, and investor and share registry services. Tricor was founded in 2000 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Vistra Group

Hong Kong, China

Category Company
Sector Financial Services
DESCRIPTION

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


DEAL STATS #
Overall 17 of 18
Sector (Business Services) 13 of 14
Type (Merger) 2 of 2
Country (China) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Leydin Freyer

South Melbourne, Australia

Leydin Freyer is an outsourced accounting and company secretarial services firm. Leydin Freyer exceeds clients’ expectations through excellence, accountability, proactive behavior, attention to detail, and constant communication. Leydin Freyer is based in South Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Phoenix American - Fund Administration & Transfer Agent Business

Larkspur, California, United States

Phoenix American's Fund Administration & Transfer Agent Business provides strong capability, product knowledge and an expert team supporting publicly-registered Reg D, Reg A and Reg CF funds and other wealth advisor marketed funds.

Buy -

Seller(S) 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital 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 28 of 30
Sector (Business Services) 5 of 5
Type (Merger) 1 of 1
Country (China) 5 of 6
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Indira IVF

Udaipur, India

Indira IVF is a fertility hospital serving a network spanning 116 centers across 20 states in India. The company provides Assisted Reproductive Technology services in India and completes approximately 40,000 IVF cycles annually. Indira IVF was founded in 1988 and is based in Udaipur, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Nord Anglia Education

London, United Kingdom

Nord Anglia Education is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Providing education to both expatriates and local students in the markets where it operates, Nord Anglia attracts top teaching talent globally and has established collaborations with leading post-secondary institutions, including The Juilliard School, the Massachusetts Institute of Technology and King's College London. Nord Anglia Education was formed in 1972 and is based in London.

Sell $14.5B