BARINGS EQUITY PARTNERS

Baring Private Equity Partners (BPEP) invests via four regional fund groups with local investment teams in Russia, Asia, India and Spain. BPEP has one of the most extensive on-the-ground networks of any international private equity provider. Its network provides the resources and investment expertise to help entrepreneurs around the world build world-class businesses. BPEP finalized its MBO from parent company ING Group in August, 2004. Under the terms of the agreement, the investment teams managing the regional funds have acquired ownership of their respective management companies and operate under the Baring Private Equity International brand. Baring Private Equity Partners is a leading international private equity asset manager.