21 January, 2020
A team from Eversheds Sutherland Hong Kong advised Baird Capital on its leveraged buy-out of Vega Global Group
Charles Butcher (partner, M&A) led a team that advised Baird Capital (Baird) on its acquisition of a majority stake in Vega Global Group (Vega).
Established in 1986, Vega is headquartered in Hong Kong and has over 600 employees in 14 offices across 11 countries. It is one of the largest system integrators and service providers for audio-visual solutions, video conferencing, and collaboration technologies. It is also a market leader in providing sophisticated, high-end audio visual and communications solutions for organisations across Asia Pacific.
Baird is the direct private investment arm of Robert W. Baird & Co. It makes venture capital, growth equity and private equity investments in a defined group of market sectors, including Technology & Services. Together with Vega, other technology sector investments by Baird in Asia include Talent Academy in Shanghai, an international provider of education services for children.
Charles commented: “It was a pleasure to work alongside Baird on this transaction. Andy Tse led their deal team. Andy is a knowledgeable, and senior, dealmaker who has worked in the Asia private equity space for many years; his deep experience and understanding was apparent throughout.
“This was a collaborative effort, drawing on the experience and technical strength of my Hong Kong corporate team – in particular our Of Counsel, Rod Lai – and banking partner Jae Lemin who led the finance work stream. We have advised Baird on a number of transactions in Asia in recent years and look forward to working with them again.”
Andy Tse, partner at Baird Capital, added: “I want to thank Charles and his team for an outstanding job. We were working to some tight deadlines and they delivered every time.”
