Hong Kong-based Baring Private Equity Asia (Baring Asia) has completed the purchase of a majority stake in Vistra Group, a provider of trust, corporate and fund administration services.
Vistra Group said that its management team will continue to own a significant shareholding in the company.
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Financial terms of the transaction, which was initially announced in May 2015, have not been disclosed.
Vistra Group said this change of investor from the previous majority stakeholder, IK Investment Partners, will not impact its ongoing operations.
Vistra Group CEO Martin Crawford said: "With their support, we can continue the success and growth of the firm to the satisfaction of our clients, our employees and our shareholders.
"I would like to thank IK for their help in building the Vistra Group into the successful business it is today."
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By GlobalDataBaring Asia founder and CEO Jean Eric Salata said: "We are delighted to be partnering with Vistra Group to build on its success and drive it forward into a new era."
