Swedish Private Equity Phenom Makes Industry’s Boldest Move Yet Into Asia

(Bloomberg) — EQT AB has agreed to buy Baring Private Equity Asia Ltd. for 6.8 billion euros ($7.5 billion) in what is the biggest takeover of a private equity firm by another in the sector.

The acquisition gives the Swedish investment house “immediate pan-Asia presence at scale,” according to a statement Wednesday, and marks its boldest move yet targeting Asia’s fast-growing private markets.