Baring Private Equity Asia (“Baring Asia”), one of Asia’s largest and most established independent private equity firms, following regulatory approvals has completed the deal to acquire Orangefield.
Advising funds that manage more than USD9 billion in committed capital, Baring Asia runs a pan‐Asian investment program, sponsoring management buyouts and providing growth capital to companies for expansion or acquisitions, making it a perfect partner to support and enhance Orangefield’s continued growth.
Joep Bruins, CEO of Orangefield, said on completion: “We are glad this deal is finalised, now we can focus on moving forward. We have been working hard in the past year to strengthen our service offering further, and with Baring Asia behind us Orangefield’s services can be brought to a new level.”
Jean Eric Salata, Founder and CEO of Baring Asia, added: “I couldn’t be happier about Orangefield officially joining our group. They are an organization of highly qualified professionals that always go the extra mile, and that is exactly the kind of team and energy that makes us excited about supporting their growth going forward.”