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Deal focus: Permira passes Tricor baton to Baring

Permira helped Tricor Group consolidate its position in Asian corporate services and upgrade its product offering. Under Baring Private Equity Asia’s ownership, the CEO wants to build a $10 billion company

Lennard Yong wanted to lead a truly Asian company. His resume listed three turnaround or transformation projects: ING Hong Kong ultimately became the foundations of FWD; MetLife rose from the backwaters...