Baring Private Equity has secured regulatory approvals to complete its previously announced acquisition of a majority stake in Vistra Group from IK Investment Partners.
Vistra Group’s management team continue to hold a significant shareholding in the company.
Martin Crawford, CEO of Vistra Group, says: “Our partnership with Baring Asia brings a new and exciting chapter for the Vistra Group. With their support, we can continue the success and growth of the firm to the satisfaction of our clients, our employees and our shareholders. We very much look forward to what lies ahead.
“I would like to thank IK for their help in building the Vistra Group into the successful business it is today. Under their stewardship, we have become one of the global market leaders in our industry, of which we and they can be hugely proud.”
Jean Eric Salata, Founder and CEO of Baring Asia, says: “Vistra Group has an impressive track record, which has resulted in its position as one of the industry leaders. We are delighted to be partnering with Vistra Group to build on its success and drive it forward into a new era.”
