Hong Kong headquartered Vistra, a provider of essential business services, today reveals a sharper strategic focus and what it describes as an inspiring new organisational purpose.
Vistra said in a statement on 28 March that its vision was "to make operating globally feel borderless and frictionless and to help clients achieve progress without friction".
The announcement follows the completion in July 2023 of the merger between Vistra and Tricor Group (Tricor), a business expansion specialist in Asia, which created over 9,000 experts in 50+ markets.
The merger was supported by BPEA Private Equity Fund VIII (EQT Private Capital Asia).
“Amid geopolitical uncertainty, regulatory change and economic volatility, businesses are facing the challenge of navigating ever-growing complexity across the globe. The result is friction that slows progress,” says Simon Webster, CEO of Vistra. “We firmly believe in the power of business to be a force for positive change, and our merger with Tricor has given us license to fully reimagine our business where our purpose is progress.
"By delivering a compelling proposition through our reimagined Vistra brand, we help companies and private capital managers by alleviating the friction that can impede progress and prosperity.”
Melanie Fitzpatrick, chief purpose and people officer at Vistra said: “In the past, our industry has been quite traditional. By establishing a clearly defined purpose for our business, we’ve outlined our vision of the change we want to deliver for both clients and our people.
“To do this, we took a deliberate approach to reimagine our business from the inside out, recognising that our culture and values underpin the experience that we offer to the companies and private capital funds we work with. This provides an important opportunity to differentiate our customer experience and proposition, and ultimately further establish ourselves as a trusted partner and employer of choice.”
A global campaign will bring the purpose, vision, brand, and culture of this reimagined brand to life, inviting clients to ‘feel the flow,’ as they partner with Vistra to remove friction from their global growth ambitions.
Nicholas Macksey, Partner within the EQT Private Capital Asia Advisory team, said: “This represents the start of a new growth cycle for Vistra, which is well positioned to build on its expanded capabilities and give clients greater confidence in their decision-making as they explore new opportunities across borders. In doing so, we anticipate that the company will continue to thrive as a close ally to companies and private capital funds looking to grow or optimise their business so they can focus on their core strengths.”
