BPEA EQT to sell SAI360, a leading cloud risk management and compliance software provider

BPEA EQT to sell SAI360 to Symphony Technology Group (“STG”)

Under BPEA EQT’s ownership, the company has made significant investments in key functions to accelerate growth and create a differentiated value proposition across Risk, Environment, Health, Safety and Sustainability and Ethics & Compliance

BPEA EQT is pleased to announce that BPEA Fund VI has agreed to sell SAI360 (the “Company”) to STG.

SAI360 supplies risk management software and online learning products under the ‘SAI360’ brand. The Company’s key product offerings include an integrated risk management suite, Environment, Health, Safety and Sustainability (“EHS&S”) solutions, and Ethics & Compliance (“E&C”) Learning content. Headquartered in Chicago, USA, SAI360 has customers in over 50 countries worldwide.

Formed in 2002 under the name SAI Global and as the commercial business arm of Standards Australia, the company was listed on the Australian Securities Exchange (“ASX”) until 2016 when it was acquired by BPEA EQT in a take-private transaction. Under BPEA EQT’s ownership, the Company refocused on its Risk and Learning software business, which was subsequently rebranded as SAI360 following the divestitures of the SAI Global Property and Assurance & Standards divisions. BPEA EQT supported SAI360 in the strategic acquisitions of Strategic BCP and BWise, which in combination with continued investment in research and development, enabled the Company to become a global leader in Governance, Risk, and Compliance (“GRC”) software.

Nicholas Macksey, Partner within BPEA EQT’s Investment Advisory Team commented, “We are proud of SAI360’s transformation into a global leader in GRC software and would like to thank CEO Peter Granat and the SAI360 team for their contributions along the way. We are excited to see the next stage of the Company’s growth following the strategic developments that took place under our ownership.”

Peter Granat said, “We are very appreciative of our partnership with BPEA EQT over the last five years. With their support, we transformed the Company from having a very broad portfolio to a company with a dedicated management team and singular focus on GRC software. This focus has enabled SAI360 to accelerate its efforts in innovation, platform development and services”.

The transaction is subject to customary regulatory approvals and other conditions and is expected to close in Q2 2023.

BPEA EQT was advised by Evercore, Allen & Overy and Deloitte.

Contact

EQT Press Office, [email protected], +46 8 506 55 334

About BPEA EQT
BPEA EQT is part of EQT, a purpose-driven global investment organization in active ownership strategies. BPEA EQT combines the private equity teams from Baring Private Equity Asia (BPEA) and EQT Asia, creating a comprehensive Asian private equity presence with local teams in eight cities across the region, a 25-year heritage, and more than USD 25 billion of capital deployed since inception. In addition to BPEA EQT, EQT’s strategies in the region include EQT Infrastructure and the real estate division EQT Exeter.

More info: www.eqtgroup.com/private-capital/bpea-eqt

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About SAI360
SAI360 is the leading risk management cloud software provider connecting integrated risk management, EHS&S and compliance learning. The SAI360 platform streamlines workflow and drives outcomes through flexible, scalable, and configurable modules. Its integrated approach sets it apart, helping organizations thrive, create trust, understand their impact, and achieve resilience for over 25 years. SAI360 is headquartered in Chicago, with operations and customers across the globe.

More info: www.sai360.com