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Baring Private Equity Partners reports record year for exits

Baring Private Equity Partners, the multi-regional investment specialist, has reported a record year for exits in 2002. The firm has defied gruelling market conditions by successfully executing 17 trade sale divestments with total returns of E181m.

Baring has regional funds in every major International market except the US, each of which has completed at least one exit last year. The firm achieved its highest percentage of exits in Western Europe and Asia against the background of very low M&A activity and prolonged bear markets in those regions.

‘Despite turbulent economic conditions and political uncertainty, we continue to find buyers willing to pay attractive prices for strategically interesting companies,' said Chris Brotchie, chief executive officer of Baring Private equity Partners.

‘Our exit-focused investment strategy is paying off even in difficult times and confirms our belief that good in-going value is becoming increasingly available both in developed and emerging markets,' Brotchie added.

Barings has already announced two exits from China-based businesses in its Baring Asia Private Equity funds in the first quarter of this year but does not expect to achieve the same volume of activity as last year.

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