After the EQT deal, Salata will head of the combined Asia business, which will be rebranded as BPEA EQT Asia. He will also join EQT’s executive committee.
’s Baring Private Equity Asia, one of the largest private equity firms in Asia, will be acquired by Stockholm-listed EQT in a deal worth $7.5 billion.
Baring, which has $19.5 billion in assets under management, will be sold for $1.7 billion in cash and 191 million new ordinary EQT shares. The deal is expected to be completed in the fourth quarter of 2022. “We are thrilled to embark on this journey with EQT and by the possibilities that this combination creates,” said Salata, CEO of Baring, in a jointwith EQT. “It is a game-changer for both our firms and will accelerate our ability to deliver superior returns for our clients.”
After the EQT deal, Salata will be the head of the combined Asia business, which will be rebranded as BPEA EQT Asia. He will also join EQT’s executive committee. A citizen of Chile, Salata moved to Hong Kong in 1989 and joined Baring in 1997. In 2000 he led a management buyout of Baring. Salata appeared on Forbes’ Hong Kong Rich List this year,
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