Hong Kong – January 15, 2020 – Baird Capital (Baird) is pleased to announce that it has acquired a majority stake in the Vega Global Group ("Vega" or the "Company").
Vega is a market-leading end-to-end provider of audio visual and video collaboration solutions for organizations of all types throughout the Asia Pacific region. Vega's services enable global communications for the modern workplace, facilitating meaningful collaboration to enhance productivity for its enterprise clients. The Baird relationship with Vega better positions the Company for growing all facets of the professional audio-visual market and meeting the demands of enterprise clients seeking global standards and delivery platforms.
Headquartered in Hong Kong, Vega is one of the largest System Integrator and Managed Service Providers for Audio-visual IT solutions and Video Conferencing and Collaboration technologies in Asia with over 600 employees in 14 offices across 11 countries throughout the region. The Company offers a comprehensive ranges of services and technologies, capable of providing one-stop solution for all audio-video requirements of customers. Since establishment in 1986, Vega has completedmore than 100,000 AV and video collaboration deployments for over 20,000 clients.
"We are proud to partner with Vega Global and its experienced management team," said Andy Tse, partner at Baird Capital. "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."
"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," said Laurie Chow, Vega's CEO and Founder, "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."
Vega is one of the largest system integrators and managed service providers for audio-visual solutions, video conferencing, and collaboration technologies. Vega designs, implements, and supports solutions across all industries, enhancing the way businesses compete, operate and communicate.
Founded in 1986, Vega started as a local distributor of audio-visual equipment and has evolved into world-class solutions and services provider to meet the diverse needs of clients around the world. Today, Vega has a comprehensive network of more than 600 professional staff working across multiple offices in Asia Pacific. With its knowledge, experience, and presence worldwide, Vega has been the preferred partner of enterprises and Fortune Global 500 companies to fulfil their audio-visual, video conferencing, and collaboration technology requirements. For more information, please visit www.Vega-Global.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.