Baring Private Equity Asia, one of Asia’s largest private alternative investment firms, completed the acquisition of Tricor Group, a business expansion specialist, from Permira, the global private equity firm, for $2.8bn. "Having admired and closely followed Tricor’s progress for many years, we are delighted to be investing in the business. This investment will be managed independently out of our latest fund and will enable us to leverage our experience in the sector to support Tricor’s growth. We look forward to working closely with Tricor’s management team to capitalise on significant expansion opportunities in its markets, and to deliver continued growth," Nicholas Macksey, BPEA Managing Director.