Baring Private Equity Asia to Acquire Orangefield Group

7/7/2015, 8:00 AM (Source: GlobeNewswire)
http://www.bpeasia.com/wp-content/themes/baring/images/logo.png http://media.marketwire.com/attachments/201206/47434_Orangefield_logo.jpg

                                        

 Firm's second acquisition in the corporate and trust services industry

  • Transaction will create significant growth opportunities with strong platform for continued growth and global expansion
  • Completion expected in Q4 2015, subject to regulatory approvals and other customary closing conditions

7 July 2015, Hong Kong - 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."

Joep Bruins, CEO of Orangefield Group commented, "We are thrilled to be partnering with Baring Asia. The current regulatory landscape benefits global players and this transaction enhances our ability to service clients across geographies. The transaction will enable us to achieve more rapidly our shared vision for the industry."

Orangefield Group is a global full service provider of administrative, fund, corporate and management services with a strong focus of working for funds and multinational companies. The company has a strong business footprint in Luxembourg and the Netherlands, accounting almost 50% of the Company's total revenues in 2014.

For further information, please contact:

Baring Private Equity Asia
Richard Barton, Newgate Communications
Email: Richard.barton@newgate.asia
Telephone:  +852 9301 2056

Orangefield Group
Joep Bruins, CEO
Email: Joep.Bruins@orangefield.com
Telephone: +31 20 5405 825

About Baring Private Equity Asia

Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia and advises funds that manage more than USD9 billion in committed capital. The firm runs a pan-Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions.

The firm has been investing in Asia since its formation in 1997 and has over 110 employees located across seven offices in Hong Kong, Shanghai, Beijing, Mumbai, Singapore, Jakarta and Tokyo. Baring Asia currently has over 30 portfolio companies across Asia with a total of 95,000 employees and sales of approximately USD30 billion in 2014.

For more information, please visit: www.bpeasia.com

About Orangefield Group

Orangefield Group is a global corporate and fund service provider. Orangefield Group assists corporations with expanding into new and existing markets and provides hedge funds, private equity funds and real estate firms with superior financial and administrative services. Our services include setup, administration, compliance, and management solutions for SMEs, multinationals and alternative investment funds.

Orangefield's 34 full service offices provide support in 45 countries around the world, including all major financial centers. With more than 40 years of experience, a wide range of services and one personal global contact for each client, we are the partner for international business.

For more information, please visit: www.orangefield.com




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orangefield Group via Globenewswire

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