Baring Asia exits SAI Global's assurance business
Baring Private Equity Asia is set to exit a significant part of Australia-based SAI Global, having agreed to sell the standards and assurance services business to UK-listed Intertek Group for A$855 million ($664 million).
SAI Global Assurance will be acquired 100% in cash, with Intertek financing the transaction using new debt facilities, according to a statement. The business is projected to generate A$240 million in revenue...
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