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Latham & Watkins Advises BPEA EQT on Merger of Vistra and Tricor

August 3, 2023
Asia team counsels on transaction creating a global fund and corporate services platform with an enterprise value of US$6.5 billion.

Latham & Watkins has advised BPEA EQT Funds V and VI and portfolio company Vistra (BPEA EQT) on the merger of Vistra with Tricor, an existing BPEA EQT Fund VIII portfolio company, in a transaction which values the combined company at an enterprise value of US$6.5 billion.

The combined business creates a leading platform of over 9,000 professionals in 50+ jurisdictions, offering unrivalled quality, scale, and breadth of capabilities. This merger allows BPEA EQT to unlock significant value creation opportunities and provides a runway for further consolidation in a highly attractive market where Asia is a core growth region.

The Latham team was led by Hong Kong corporate partner Simon Cooke, with Singapore counsel Michael Rackham and Hong Kong associate Vivian Yeung.