Private equity firm Baird Capital has acquired a majority stake in Vega, an audio visual and video conferencing services provider.
Vega is headquartered in Hong Kong and provides audio-visual IT solutions, video conferencing and collaboration technologies to organisations of all types throughout the Asia Pacific region.
The business was established in 1986 and now has over 600 employees in 14 offices across 11 countries.
Laurie Chow, CEO and Founder of Vega, said: "We are extremely excited to partner with Baird, a highly respected firm that is aligned with Vega’s vision of growth into the future and the strategic plan to get us there. Vega continues to distinguish itself as a leader in the Asia Pacific region in the rapidly growing professional audio-visual market . Together with Baird, our potential for accelerated growth to meet the needs of tomorrow’s enterprise clients is limitless."
Andy Tse, Partner at Baird Capital, added: "We are proud to partner with Vega Global and its experienced management team. Laurie has built a fantastic business with a reputation for excellence in its offerings, people and growth plan, and we look forward to working alongside them in the future."