Liberty’s expertise and authority has helped shape a deal which will provide LRQA with the focus and investment we need to accelerate our ambition of becoming a leading digitally enabled assurance provider. Our customers face an increasingly challenging operating landscape and this new ownership structure will help us deliver market leading assurance, inspection and cyber security services to our customers right across the world.
Paul Butcher
CEO of LRQA
LRQA
Liberty advises the management team of Business Assurance & Inspection Services division of Lloyds Register on its acquisition by funds managed by Goldman Sachs Asset Management.
Lloyd’s Register (“LR”), a global provider of professional services specialising in engineering and technology solutions, has agreed the sale of 100% of its Business Assurance & Inspection Services division, including cyber-security business Nettitude, to Goldman Sachs Asset Management. The deal is expected to complete during the second half of 2021, following customary antitrust and regulatory approvals.
Under its new ownership, Lloyd’s Register’s Business Assurance & Inspection Services division will become LRQA, reflecting its 35 years of expertise and heritage in the assurance market. As an independent business, LRQA will accelerate its ambition of becoming a leading digitally enabled assurance provider, partnering with customers across key sectors, geographies and segments as they navigate a changing risk landscape.
It was a pleasure to support Paul and his team and I’m really excited to see what they can achieve under this next stage of development for the business. I look forward to continuing working with them up to completion.
Kevin Palmer
Partner
+44 (0) 7841 468 261
kevin.palmer@libertycf.co.uk