Barings Private Equity Partners buys itself out

Barings Private Equity Partners (BPEP) has completed its management buyout from parent company ING Group, giving regional teams control over their respective businesses. The new firm will trade under the name BPEP International. Chris Brotchie has retired as chief executive officer and will not be replaced in the new structure. David Huckfield led the deal on behalf of the management and will continue as chief operating officer. ING Group will retain its existing investment in BPEP funds, but will not participate in new funds. The group's existing capital commitments of $360m represent approximately 18% of BPEP's total $2bn assets under management. Bob Barry and Richard Marke of Travers Smith Braithwaite offered legal advice to the management.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• Southern Europe