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SAI Global advised on $855m sale
SAI Global has entered an agreement to sell its Standards and Assurance Service business to Intertek Group.
Lauren Croft
Firm: Clayton Utz
Value: $855 million.
Area: Corporate.
Key players: Corporate partner and national practice group leader Rory Moriarty led the matter and was supported by special counsel Sidney Tang, lawyer Kimberley Grellinger, IP & technology partner Walid Sukari and senior associate Akmal Chunara.
Deal significance: Intertek Group’s acquisition of SAI Global Standards and Assurance will expand its service capabilities and grow its presence in markets including Australia, the US, Canada, China and the UK.
Mr Moriarty said the team was pleased to work with SAI Global after advising on the $91 million sale of its Property Division to cloud-based software and technology solutions provider, Dye & Durham, earlier this year.
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
