Funds affiliated with Baring Private Equity Asia (“BPEA”), one of Asia's largest private alternative investment firms, and Permira, the global private equity firm, announce today that BPEA has received regulatory approvals and completed its acquisition of Tricor Group (“Tricor”), Asia’s leading business expansion specialist on June 22, 2022.
Lennard Yong, Group CEO, Tricor Group, said: "We are pleased to welcome BPEA as our shareholders of Tricor and look to the collaboration and growth especially with their experience and knowledge in the corporate services sector."
Nicholas Macksey, Managing Director, BPEA, commented: “We are very excited to join forces with Tricor on the company’s next stage of growth as we see a tremendous opportunity to capitalize on the significant expansion potential in Tricor’s core markets and beyond. We look forward to partnering with the management team and leveraging our experience in the sector to create long-term value for the company.”