Vistra Group, a provider of company formations, trust, corporate and fund administration services, today announced its majority shareholders, IK Investment Partners through its IK 2007 Fund, and Vistra Group management, have reached an agreement whereby Baring Private Equity Asia will acquire a majority stake in Vistra Group.
The Vistra Group management team will continue to hold a significant shareholding in the company after completion of the transaction, which is subject to regulatory approvals. The parties have agreed not to disclose the financial terms of the transaction.
Baring Asia is one of the largest and most established independent private equity firms in Asia and advises funds that manage more than US$9bn in committed capital. The firm runs a pan-Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions.