Baring Private Equity Asia $900 million acquisition of Pioneer

Overview:

• Investment firm Baring Private Equity Asia has acquired Japanese electronics company Pioneer for $900 million.
• The acquisition comes at a time of Pioneer's financial distress and attempts at rescue.
• The buyout will inject capital into the struggling company to pay off its $443 million debt.
• Following the deal closure, Pioneer was delisted from the Tokyo Stock Exchange.

Rajeeb Gurung - Researcher