- Firm's second acquisition in the corporate and trust services industry
- Transaction will create significant growth opportunities with strong platform for continued growth and global expansion
- Completion expected in Q4 2015, subject to regulatory approvals and other customary closing conditions

7 July 2015, Hong Kong - Baring Private Equity Asia ("Baring Asia") today announced that its affiliated funds have entered into an agreement with AAC Capital Partners to acquire Orangefield Group, the global fund administration and corporate services firm. The acquisition will be Baring Asia's second investment into the corporate and trust services ("CTS") industry and follows the execution in May 2015 of the agreement to acquire Vistra Group. The parties have agreed not to disclose the financial terms of the transaction, which is subject to regulatory approvals and other customary closing conditions.

Commenting on the transaction, Jean Eric Salata, Founding Partner and CEO of Baring Asia said, "In this fast-consolidating industry, we are delighted to sign our second investment in the sector and look forward to future organic and acquisition-led growth opportunities for both companies. Orangefield Group has an impressive growth track record, quality management and excellent employees, proven financial performance and strong operational and compliance frameworks. Orangefield Group and Vistra Group are a complementary match in terms of skills, services and geography. Through the enlarged network Orangefield Group can continue to offer best in-class support for customers seeking global CTS services."

Joep Bruins, CEO of Orangefield Group commented, "We are thrilled to be partnering with Baring Asia. The current regulatory landscape benefits global players and this transaction enhances our ability to service clients across geographies. The transaction will enable us to achieve more rapidly our shared vision for the industry."

Orangefield Group is a global full service provider of administrative, fund, corporate and management services with a strong focus of working for funds and multinational companies. The company has a strong business footprint in Luxembourg and the Netherlands, accounting almost 50% of the Company's total revenues in 2014.