- EQT Private Equity to sell its stake in ELEVATE, a
Hong Kong -based ESG and supply chain service provider, to LRQA
- Under EQT Private Equity's tenure, ELEVATE has developed into a differentiated market leading platform which can support customers across their entire responsible sourcing and supply chain ESG management journey
- ELEVATE has achieved significant growth, both organically and through add-on acquisitions, with continuous expansions in services, verticals and geographies
EQT is pleased to announce that the EQT Mid Market fund ("EQT Private Equity") has entered into a definitive agreement to sell its stake in ELEVATE (the "Company") to LRQA, a global assurance provider.
Headquartered in
During EQT Private Equity's partnership with CEO
With the support of EQT, ELEVATE has achieved significant organic growth by adding new services across its four business segments and expanding into new verticals such as the food industry, which not only created cross-selling opportunities but also attracted new customers across the globe. It also embarked on a digitalization journey to strategically reposition and transform the Company into a tech driven business with the successful launch of in-house developed data analytics platform EiQ. In addition, the Company completed several add-on acquisitions that further diversified its service offerings and established presence in new geographies.
The transaction is subject to approval from relevant authorities and is expected to close in 2022.
Contact
APAC media inquiries:
International media inquiries: EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a purpose-driven global investment organization with
More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram
About ELEVATE
ELEVATE is an industry leader in sustainability and supply chain services globally, with more than 17 years' expertise in designing, building and managing data-driven, sustainability linked programs that drive positive impact. ELEVATE's business-minded perspective and relentless focus on transparency, innovation, sustainability and measurable impact delivers lasting positive change for companies, brands and retailers, suppliers, factories and workers.
Having built an extensive global portfolio of clients, including corporates with international supply chains, suppliers, investors and banks, industry coalitions, NGOs and governments, and an operating footprint across 100 countries, ELEVATE currently conducts over 20,000 assessments and audits per year, to the highest standards of quality and integrity.
More info: www.elevatelimited.com
https://news.cision.com/eqt/r/eqt-private-equity-to-sell-its-stake-in-elevate--a-leading-provider-of-esg-and-supply-chain-services,c3492547
https://mb.cision.com/Main/87/3492547/1525397.pdf
https://news.cision.com/eqt/i/eqt-elevate,c3003773
(c) 2022 Cision. All rights reserved., source