The private equity house has completed its purchase of a majority stake in the provider of corporate, trust and fund administration services.

Baring Private Equity Asia yesterday completed its acquisition of a majority stake – announced in May this year - in Vistra Group.

This change of investor from the previous majority stakeholder, IK Investment Partners, does not affect the ongoing operations of Vistra Group, whose management team will continue to hold a significant shareholding in the company, according to a statement from Baring Private Equity Asia. The financial size of the transaction was not disclosed.

The private equity house oversees more than $9 billion in capital.

Vistra Group is a global provider of corporate, trust and fund administration services.