M&A Deal Summary

LRQA Acquires ELEVATE

On January 26, 2022, LRQA acquired business services company ELEVATE from EQT

Acquisition Highlights
  • This is LRQA’s 1st transaction in the Business Services sector.
  • This is LRQA’s 1st transaction in China.

M&A Deal Summary

Date 2022-01-26
Target ELEVATE
Sector Business Services
Buyer(s) LRQA
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

ELEVATE

Hong Kong, China
ELEVATE is a premium provider of customized solutions focusing on ESG and supply chain effectiveness with operations in more than 100 countries. ELEVATE was founded in 2013 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

LRQA

Solihull, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

LRQA is a global assurance provider bringing together unrivaled expertise in certification, brand assurance, cybersecurity, inspection, and training. LRQA is based in Solihull, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 162 of 194
Sector: Business Services M&A 7 of 8
Type: Add-on Acquisition M&A Deals 64 of 76
Country: China M&A 6 of 8
Year: 2022 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-07 CFB Group

Shanghai, China

CFB Group is the franchise operator of two renowned international restaurant chains. China Dairy Queen, the largest ice cream restaurant chain in China, and Papa John’s Pizza, the second-largest pizza restaurant chain in China. CFB Group was founded in 2003 and is based in China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Levande

Sydney, Australia

Levande is an operator of a portfolio of 58 retirement villages across Australia, providing community living and support services to more than 10,000 residents. Levande is based in Sydney, Australia.

Buy -