Baring Private Equity Asia

Baring Private Equity Asia (BPEA) is an Asian private equity firm. Previously it was an affiliate of Barings Bank before becoming an independent firm. It is one of the largest private equity firms in Asia.[2][3] In 2022, BPEA was acquired by EQT Partners.

Baring Private Equity Asia
TypeSubsidiary
IndustryInvestment Management
Founded1997 (1997)
FoundersJean Eric Salata
Headquarters2IFC, Central, Hong Kong
ProductsPrivate Equity
Real Estate
Private Credit
AUMUS$21 Billion (2021)
Number of employees
195 (2021)[1]
ParentEQT Partners
Websitehttps://www.bpeasia.com

History

BPEA was founded in 1997[4] as a subsidiary of Baring Private Equity International (BPEP International)[5] which was an affiliate of Barings Bank. In addition to BPEA, the affiliates of BPEP International include Baring Vostok Capital Partners, Baring Private Equity Partners India and GP Investments.

In 2000, Jean Eric Salata led a management buyout of BPEA leading it to be established as an independent Firm.[5][6]

In 2016, Affiliated Managers Group acquired a 15% minority stake in BPEA.[7][8]

In 2017, BPEA launched it's Credit investment unit in India after acquiring the Credit unit of Religare Global Asset Management.[9]

On March 2022, EQT Partners acquired BPEA for $7.5 billion.[10]

Business overview

BPEA mainly focuses on the Asia Pacific Region. It has three investment strategies which are:[11]

  • Private Equity
  • Real Estate
  • Credit (India focused)

BPEA has offices in Hong Kong, China, India, Japan, Singapore, Australia and the United States.[1]

Funds

Private Equity
Fund[12] Vintage Year Committed Capital ($m)
Baring Asia Private Equity Fund 1999 USD 305
Baring Asia Private Equity Fund II 2002 USD 257
Baring Asia Private Equity Fund III 2005 USD 490
Baring Asia Private Equity Fund IV 2008 USD 1,515
Baring Asia Private Equity Fund V 2011 USD 2,460
Baring Asia Private Equity Fund VI 2015 USD 3,980
Baring Asia Private Equity Fund VII 2020 USD 6,500

Real Estate
Fund[12] Vintage Year Committed Capital ($m)
Baring Asia Real Estate Fund 2015 USD 365
Baring Asia Real Estate Fund II 2018 USD 1,000

Credit
Fund Vintage Year Committed Capital ($m)
BPEA Credit - India Fund 2017 N/A
BPEA Credit - India Fund II 2019 USD 225

Portfolio Companies

Notable Transactions

References
  1. "HUTCHMED Announces US$100 Million Equity Investment by Baring Private Equity Asia // HUTCHMED".
  2. Reuters Staff (2020-01-21). "Baring Private Equity closes Asia buyout fund at $6.5 billion". Reuters. Retrieved 2021-02-20.
  3. "Baring Private Equity Asia Donates HKD10 million to HKCSS to Support Families in Hong Kong Impacted by COVID-19". 香港社會服務聯會. Retrieved 2021-02-20.
  4. "Baring Private Equity Asia Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-02-20.
  5. "Jean Eric Salata". privatebank.jpmorgan.com. Retrieved 2021-02-20.
  6. "Jean Salata". Forbes. Retrieved 2021-02-20.
  7. "AMG Announces Investment in Baring Private Equity Asia". BPEA. Retrieved 2021-02-20.
  8. "New Details Emerge on AMG's Deal with Baring Private Equity Asia". Fortune. Retrieved 2021-02-20.
  9. Ou, Christie (2017-02-07). "BPEA launches first India fund after Religare deal". Private Debt Investor. Retrieved 2021-09-04.
  10. Dummett, Ben (2022-03-16). "EQT Buys Baring Asia Unit in $7.5 Billion Private-Equity Merger". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-04-15.
  11. "AMG | Baring Private Equity Asia". www.amg.com. Retrieved 2021-02-24.
  12. "Baring Private Equity Asia | Palico". www.palico.com. Retrieved 2021-02-20.
  13. Vandevelde, Mark (2016-10-03). "Cath Kidston sold to Baring Asia". Financial Times. ISSN 0307-1766. Retrieved 2016-10-04.
  14. Grant, Bob (2016-07-15). "Web of Science sold for more than $3 billion". The Scientist. Retrieved 2018-06-29.
  15. "Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed" (Press release). Clarivate Analytics. PR Newswire. 2016-10-03. Retrieved 2018-06-29.
  16. Badkar, Mamta (2017-04-25). "Canadian-led consortium to buy Nord Anglia for $4.3bn". Financial Times. Retrieved 2018-04-24.
  17. Ruckin, Claire. "LPC-Nord Anglia sounds out investors on LBO financing". U.S. Retrieved 2018-04-24.
  18. "UPDATE 3-Japan's Pioneer gets $540 mln lifeline from Baring as debt deadline looms". Reuters. 2018-09-12. Retrieved 2020-03-31.
  19. https://report.partnersgroup.com/app/themes/partnersgroup-hyr18/documents/Interim_Report_Investments_2018_E.pdf
  20. Rebello, Joel. "Investors led by Baring PE put Rs 1566 crore into RBL Bank". The Economic Times.
  21. Dhanjal, Swaraj Singh (21 August 2020). "Baring PE, others to invest ₹1,566 crore in RBL Bank". Livemint.
  22. Pash, Chris (26 September 2016). "Baring Asia has grabbed Australia's SAI Global in a $1 billion deal". Business Insider Australia. Retrieved 13 July 2020.
  23. "Altas partners with St. George's University". Altas Partners. Retrieved 8 April 2015.
  24. "Telus Sells 35% Stake in Outsourcing Subsidiary to Baring Private Equity Asia". Nearshore Americas. 2016-05-06. Retrieved 2019-08-08.
  25. Davis, Anita (13 July 2011). "Nestle tables $1.7b offer for Hsu Fu Chi". AVCJ.{{cite web}}: CS1 maint: url-status (link)
  26. Burroughs, Tim (9 October 2012). "Baring-backed Courts Asia targets $112m IPO". AVCJ.{{cite web}}: CS1 maint: url-status (link)
  27. "Courts Asia IPO is a go". news.yahoo.com.
  28. "Thomson Reuters Announces Definitive Agreement to Sell its Intellectual Property & Science Business". www.thomsonreuters.com. Retrieved 2021-02-20.
  29. "Post Holdings Completes Acquisition of Weetabix". Post Holdings. 3 July 2017.
  30. Lee, Jamie (23 January 2018). "PSB Academy acquired by UK-listed Intermediate Capital Group". The Straits Times.
  31. News, The PIE. "Wall Street English sold back to original founder "at a deep discount"". thepienews.com. Retrieved 2021-02-20.
  32. "Baring Private Equity Asia Completes Acquisition of Virtusa". www.businesswire.com. 2021-02-11. Retrieved 2021-02-20.
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