Baring Private Equity Asia to Acquire Orangefield Group
Tuesday, July 07, 2015
(Press Release) – Baring Private Equity Asia ("Baring Asia") today announced that its affiliated funds have entered into an agreement with AAC Capital Partners to acquire Orangefield Group, the global fund administration and corporate services firm. The acquisition will be Baring Asia's second investment into the corporate and trust services ("CTS") industry and follows the execution in May 2015 of the agreement to acquire Vistra Group. The parties have agreed not to disclose the financial terms of the transaction, which is subject to regulatory approvals and other customary closing conditions.
Commenting on the transaction, Jean Eric Salata, Founding Partner and CEO of Baring Asia said, "In this fast-consolidating industry, we are delighted to sign our second investment in the sector and look forward to future organic and acquisition-led growth opportunities for both companies. Orangefield Group has an impressive growth track record, quality management and excellent employees, proven financial performance and strong operational and compliance frameworks. Orangefield Group and Vistra Group are a complementary match in terms of skills, services and geography. Through the enlarged network Orangefield Group can continue to offer best in-class support for customers seeking global CTS services."
