EQT to acquire Baring Private Equity Asia for $7.5 billion

Swedish-headquartered private equity firm, EQT, last week announced an agreement to buy Hong Kong alternative investor, Baring Private Equity Asia BPEA. The deal is valued at 6.8 billion $7.5 billion and consists of 191.2 million new ordinary EQT shares and 1.5 billion in cash.

Following the acquisition, EQT’s Asian private capital business will be rebranded to BPEA EQT Asia. Subject to customary closing conditions, the transaction is expected to close in the fourth quarter of this year.

The deal allows EQT to significantly strengthen its position in Asia by integrating BPEA’s 17.7 billion assets under management AUM into its portfolio. EQT will subsequently...