Today, EQT AB (“EQT”) and Baring Private Equity Asia successfully combined (“BPEA”). By combining one of the biggest private markets companies in the world, EQT, with the third largest in Asia, BPEA, a worldwide leader in active ownership strategies is created.
The merger satisfies EQT’s strategic goal of increasing its market share in Asia, which is predicted to grow faster than all other private markets3 and which EQT believes will be crucial to EQT’s ability to provide its customers with solid long-term returns. It combines EQT’s knowledge in fields like sustainability and digitization with BPEA’s considerable track record and experience investing across Asia. In the 80 percent of the world’s GDP-representing nations, EQT will be “local-with-locals,” allowing it to execute on a wider range of investments and better leverage insights on a global scale while luring some of the greatest people.
According to Christian Sinding, CEO and Managing Partner of EQT, “Asia is home to more than half of the world’s population and predicted to generate over 40% of the global GDP within ten years, it is expected that the growth of the Asian private market will accelerate at nearly double the pace of global markets through 2025.” “As a combined company, we offer local expertise and global capabilities, backed by common principles, which puts EQT in an even stronger position to seize the opportunity through our leading investment strategies across private equity, infrastructure, and real estate,” the statement continued.
Source: Prnewswire
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