Baring Asia to merge with EQT
EQT has agreed a EUR 6.8bn (USD 7.5bn) acquisition of Baring Private Equity Asia (BPEA), having decided that organic expansion would unlikely deliver the Asia platform it desires to create a truly global business.
“We realised that we would never become – maybe never is a strong word, probably never become – one of the leaders. So, what are the alternatives? These things build upon each other, stone upon stone,”...
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