BPEA EQT completes $6.5 bln merger of Vistra and Tricor

Vistra, Tricor to operate as unified brand in early 2024, has completed the merger of its Hong Kong-based business services firms Vistra and Tricor, valuing the combined entity at $6.5 billion including debt, EQT said Friday.

BPEA EQT had tapped Goldman Sachs to be the lead adviser on the merger of the two companies, Reuters reported.Simon Webster, who joined Vistra as CEO in November 2022, will be the CEO of the combined business, EQT said. Hong Kong-based Tricor, founded in 2000, offers business services ranging from human resources and payroll to companies' incorporation, according toBPEA bought Tricor from private equity firm Permira in 2021 for $2.8 billion. It acquired a majority stake in Vistra in 2015 for an undisclosed sum.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Owners of morning-after pill Plan B mulling $4 bln sale of company - sourceThe private equity owners of popular emergency contraception pill Plan B, Foundation Consumer Healthcare, have hired advisors to explore options including a potential sale of the company, a person familiar with the matter told Reuters.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Global standards launched to boost $2 bln voluntary carbon marketA global initiative designed to grow the $2 billion market for carbon offsets outlined criteria for new voluntary standards on Thursday, and hopes to issued labelled credits by the end of the year to bring transparency to the unregulated marketplace.
مصدر: ReutersScience - 🏆 559. / 51 اقرأ أكثر »