22 May 2015, Hong Kong – Vistra Group (the “Group” or “Company”), one of the world’s leading providers of company formations, trust, corporate and fund administration services, today announced its majority shareholders, IK Investment Partners through its IK 2007 Fund, and Vistra Group management, have reached an agreement whereby Baring Private Equity Asia (“Baring Asia”) will acquire a majority stake in Vistra Group. The Vistra Group management team will continue to hold a significant shareholding in the Company after completion. The completion of the transaction is subject to regulatory approvals. The parties have agreed not to disclose the financial terms of the transaction.
IK Investment Partners (“IK”) is pleased to announce that the IK 2000 Fund has reached an agreement to sell Sportfield Deutschland Holding GmbH (“SportGroup” or “the Group”), the worldwide leading specialists for sports and recreational surfaces systems, to Equistone Partners Europe Limited (“Equistone”). The parties have agreed not to disclose the financial terms of the transaction.