Baring Private Equity Asia (BPEA) is said to be looking to merge two of its portfolio companies – Tricor and Vistra – to create a new company at a valuation between $7 billion and $8 billion, according to a report by Bloomberg.
Vistra specializes in corporate growth support including risk management and compliance, covering private equity, real estate, capital markets and private wealth.
The Hong Kong-based private equity firm bought into Tricor from buyout group Permira in November last year at a valuation of $2.76 billion including debt.
Read more: Private Equity Wire
