Baar-Zug, Switzerland, 3 January 2017
Partners Group, the global private markets investment manager, has invested AUD 160 million on behalf of its clients as the sole second lien debt provider in the public-to-private acquisition of risk management services company SAI Global. ASX-listed SAI Global was taken private by investment funds advised by Baring Private Equity Asia ("BPEA") in a transaction that valued the company at AUD 1.3 billion.
SAI Global is a leading global provider of risk management products and services to help organizations manage risk and uncertainty. These include training on and certification and auditing against local and international standards (e.g. ISO 9001); providing specialist information on standards and technical information; and supplying software and services for the managing and monitoring of risk and compliance. In Australia, SAI Global is also the largest provider of property information and settlement services to the legal, financial and conveyancing sectors. The company is headquartered in Sydney, Australia, and employs more than 2,000 people in 29 countries across Australia, Europe, North America and Asia.
Edward Tong, Senior Vice President and Head of Private Debt Asia-Pacific, Partners Group, states: "SAI Global provides essential services to its clients that are required for legal or regulatory reasons or are recommended under industry guidelines. It has established leading market positions across its business segments and now has a great opportunity to further its global expansion under new ownership. We were pleased to partner with BPEA on this transaction and provide a flexible cross-border financing solution in a timely manner."
Scott Essex, Partner and Co-Head of Private Debt, Partners Group, adds: "Partners Group has identified subordinated debt as an attractive investment opportunity in the broader Asia-Pacific region in the current market environment, given that regional banks – which are otherwise very active lenders – are not typically long-term holders of junior debt. The investment in SAI Global is a great example of our relative value investment approach in practice."