BPEA EQT Completes $6.5 Billion Merger of Tricor and Vistra (1)

BPEA EQT has completed the merger of two Hong Kong business services firms it owns, Tricor and Vistra, in a deal that values the combined entity at about $6.5 billion including debt.

Vistra Chief Executive Officer Simon Webster will lead the combined company, according to a statement on Friday, confirming an earlier Bloomberg News report. The combination would create a business with over 9,000 employees across more than 50 jurisdictions.

“The two business are highly complementary and have capabilities which together offer clients a range of significant value-creation opportunities,” Webster said in the statement. “Through this combination, we can ...