EQT buys Hong Kong social compliance assessment business

The size of the deal has not been disclosed. In a statement, EQT said that Elevate's existing management team will be retained. The private equity firm will support the company in further growth and development of new services, while providing expansion opportunities in the European market through its industrial network.

Elevate produces customized programs that help clients monitor the environmental and social impacts of their supply chains and improve performance in these areas. Supply chain sustainability is expected to become a major focus of businesses worldwide due to tighter regulations, greater customer awareness of supply chain issues, and increased ease of access to global sourcing and procurement routes.

"We are excited to work with EQT and its network of industrial advisors," said Elevate co-founder and CEO Ian Spaulding. "With its industrial and operational growth-focused approach, EQT is an ideal partner for Elevate as we continue to develop superior services to our clients and drive impact for employers, employees and the planet."

Headquartered in Sweden, EQT pursues buyout and take-private opportunities across China and Southeast Asia, in a range of sectors including consumer products and services, manufacturing, media, healthcare, professional services, and logistics.

The firm made its investment in Elevate from its EQT Mid Market fund. The fund closed in 2014 at EUR1.1 billion ($1.48 billion), and focuses on middle market buyouts and growth equity investments in Greater China, Southeast Asia and Northern Europe.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Support services
• Buyouts
• Buyout
• GPs
• Hong Kong (China)
• EQT Partners
• professional services
• buyout
• GPs