Vistra Group To Be Acquired By Baring Private Equity Asia

Profession:OIL Offshore Incorporations
 
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Vistra Group (the "Group" or "Company"), one of the world's leading providers of company formations, trust, corporate and fund administration services, today announced its majority shareholders, IK Investment Partners through its IK 2007 Fund, and Vistra Group management, have reached an agreement whereby Baring Private Equity Asia ("Baring Asia") will acquire a majority stake in Vistra Group. The Vistra Group management team will continue to hold a significant shareholding in the Company after completion. The completion of the transaction is subject to regulatory approvals. The parties have agreed not to disclose the financial terms of the transaction.

Baring Asia is one of the largest and most established independent private equity firms in Asia and advises funds that manage more than USD9 billion in committed capital. The firm runs a pan‐Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions.

Commenting on the acquisition, Martin Crawford, CEO of Vistra Group, said, "Partnering with Baring Asia is an exciting step for Vistra Group. With Baring Asia's support we will be able to further enhance our leading position in a consolidating industry. We are delighted that Baring Asia has demonstrated a strong commitment to the growth of Vistra's business as well as to our exceptional people who have been instrumental to our success."

"With IK Investment Partners' help we have built Vistra Group into one of the top four...

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