Baker McKenzie has advised EQT in relation to the sale of its interest in ELEVATE, a leading provider of ESG and supply chain services to LRQA, a global assurance provider, via its EQT Mid Market Fund ("EQT Private Equity").
Under EQT Private Equity’s tenure, ELEVATE has developed into a differentiated market leading platform which can support customers across their entire responsible sourcing and supply chain ESG management journey with a footprint across more than 100 countries.
The transaction, which is subject to regulatory approvals, is expected to close in 2022.
The Baker McKenzie team is led by M&A/Private Equity Partners Robert Wright and Tracy Wut. The other lawyers in the cross-practice team include Vivian Choi, James Adams, Jacqui Song and Darren Lam from the M&A/Private Equity team and Tom Jenkins and Vivian Tsang from the Competition team.
Commenting on the deal, Robert said, "We are very pleased to have assisted EQT in relation to this transaction, which strongly positions ELEVATE for its future success with LRQA. This deal reflects the momentum we have seen over recent years in the ESG space as well as Baker McKenzie's continued commitment to private equity."
For further details about the transaction, please refer to EQT Private Equity's press release.