Announced
Completed
Financials
Tags
Third Party Logistics (3PL)
Friendly
Hong Kong
Private
Acquisition
Single Bidder
supply chain management
supply chain effectiveness
Majority
Cross Border
Private Equity
Completed
Synopsis
Goldman Sachs-backed LRQA, an international trade and development firm, completed the acquisition of ELEVATE, a Hong Kong-based ESG and supply chain service provider, from EQT Partners, a purpose-driven global investment organization. Financial terms were not disclosed. “Assurance is evolving, both in response to the events of the past two years and the cast-iron certainty of further, rapid change in the future. Our entire focus in bringing LRQA and ELEVATE together is to help our clients take control, manage risk and face that future with confidence. We are committed to transforming the value that assurance delivers for our clients and this partnership with ELEVATE will take us further and faster towards that goal in the critical ESG space,” Paul Butcher, EQT CEO.
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