Merging with EQT not a defensive move: BPEA's Kenneth Cheong

Merging with EQT not a defensive move: BPEA's Kenneth Cheong

The $7.5-billion deal to merge the Asia-based businesses of Swedish private equity firm EQT and Baring Private Equity Asia (BPEA) is not “a defensive move” but a partnership to ramp up the active ownership strategy in Asia, according to BPEA’s Singapore-based managing director Kenneth Cheong.

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