Posted on:Weil in the News
Weil, Gotshal & Manges has advised longstanding client Baring Private Equity Asia (“Baring Asia”), on its acquisition of the Orangefield Group from AAC Capital Partners. Orangefield is a global corporate and fund service provider whose clients include hedge funds, private equity funds and real estate firms. Headquartered in the Netherlands, Orangefield has 34 full service offices providing support to clients in 45 countries around the world, including all major financial centres. The deal is subject to customary regulatory clearances and other approvals and consents.
Baring Asia is one of the largest and most established independent private equity firms in Asia and advises funds with total committed capital of over US$9 billion. This is a first time transaction for Weil in London for Baring Asia.
The acquisition will be Baring Asia’s second investment into the corporate and trust services industry and follows the execution in May 2015 of an agreement to acquire Vistra Group.
The Weil London team was headed by private equity partner Samantha McGonigle, working with Simon Saitowitz and Emma Robinson. Commenting on the transaction, Samantha McGonigle said: “We are delighted to have had the opportunity to work with Baring Asia for the first time in London on a competitive transaction in the popular corporate and trust services industry.”