Affiliated Managers Group acquires Baring Private Equity Asia (BPEA)

Affiliated Managers Group acquired Baring Private Equity Asia (BPEA), a transaction completed in January 2016, structured as cash (terms not disclosed). The deal was a Minority-stake investment.

Baring Private Equity Asia (BPEA) operates in Asia private equity, is based in Hong Kong / Asia. AMG made a minority investment in Baring Private Equity Asia (BPEA) in 2016. Founded by Jean Eric Salata in 1997, BPEA is one of the largest independent private equity firms in Asia, focused on growth investments and management buyouts. With AMG's global distribution and strategic support, BPEA's assets under management more than tripled; in March 2022 AMG agreed to sell its minority interest to EQT AB as part of BPEA's strategic combination with EQT, a successful culmination of the partnership. (Date reflects the year of investment as disclosed in AMG's 2022 8-K; exact 2016 close date not specified.)

Extending AMG's private-markets and Asia footprint via a minority partnership, later monetized through BPEA's combination with EQT.

We chose to partner with AMG because of the firm's unique partnership model and core tenets of investment independence, operational autonomy, and alignment of interests.Jean Eric Salata, Founder and Chief Executive Officer, BPEA

Advisory firms were not disclosed for this transaction.

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