Greencap Limited – divestment of Leeder Consulting to SGS Australia
Miles Advisory Partners acted as advisor to Greencap
Transaction Details
Sector
Business Services
Miles Role
Sell-side advisor to Greencap
Deal Type
Business Divestments
Year Completed
2011
Contacts for this Transaction
Lloyd Way
Managing Director
Rohan Manikath
Managing Director
Overview
- Leeder Consulting, part of ASX-listed Greencap, was a provider of environmental analytical services, specialising in air, soil and water testing, oil-impact studies and food analysis, with a Melbourne laboratory and offices in Brisbane, Sydney and Adelaide
- Miles was engaged to advise Greencap on the divestment of Leeder Consulting
- Leeder Consulting was sold to SGS Australia (a subsidiary of SGS SA), aligning with SGS’s strategy to offer high-end environmental analytical services
Industry Context
Global testing, inspection and certification (TIC) majors have steadily acquired specialist local laboratories to extend geographic coverage and add high-end analytical capability. Environmental testing benefits from structural regulatory demand around contamination, air, soil and water quality. For a diversified group such as Greencap, divesting a specialist laboratory to a global TIC operator allowed it to focus on its core risk and compliance consulting while realising value for a non-core asset.
Further information on this transaction is available at: Leeder Consulting / SGS Australia Press Release
