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McKenzie Group acquisition to be finalised by years' end
The acquisition of a majority stake in McKenzie Group by a company listed in France is due to be completed by the end of 2017.
Melissa Coade
Firms: Mills Oakley (Bureau Veritas); Redman Lynch Washington (McKenzie Group)
Value: Undisclosed
Area: M&A
Key players: Mills Oakley partner Daniel Livingston (pictured) led the team advising Bureau Veritas. Special counsel Nicole Tumiati and solicitor Ellen Rattray assisted in the transaction.
Paul Washington of Redman Lynch Washington advised McKenzie Group.
Deal significance: McKenzie Group is a leading Australian integrated compliance-based service provider, offering building certification, compliance audits, consulting and accessibility assessment services to public and private sector clients.
The deal will see international certification agency Bureau Veritas, which is listed in France, acquire a 65 per cent equity stake in McKenzie Group.
Mills Oakley partner Daniel Livingston said that the McKenzie Group acquisition would significantly enhance the Bureau Veritas footprint in Australia.
“This deal will see Bureau Veritas employ over 2,000 people in Australia and will allow McKenzie Group to consolidate their market-leading position in Australia, under the Bureau Veritas brand,” he said.
“We congratulate Bureau Veritas on this transaction.”
The transaction is due to be completed before the end of this year.
