Baring Asia Completes Deal To Acquire Majority Stake In Vistra Group

Profession:OIL Offshore Incorporations

Baring Private Equity Asia ("Baring Asia"), one of Asia's largest and most established independent private equity firms, has today completed the deal announced in May to acquire a majority stake in Vistra Group (following regulatory approvals). This change of investor from the previous majority stakeholder, IK Investment Partners ("IK"), does not affect the ongoing operations of Vistra Group, whose management team will continue to hold a significant shareholding in the company.

Advising funds that manage more than USD9 billion in committed capital, Baring Asia runs a pan‐Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions, making it a perfect partner to support and enhance Vistra Group's continued growth.

Commenting on the completion, Martin Crawford, CEO of Vistra Group, said, "Our partnership with Baring Asia brings a new and exciting chapter for the Vistra Group. With...

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