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DNV Group's acquisition of International Standards Certification

Background

We advised the DNV GL Group AS on its acquisition, through its Australian and Japanese subsidiaries that form part of its Business Assurance Group, of the International Standards Certification business in Australia and Japan. This deal involved unravelling the intricacies of International Standards Certification international business (which operates in over 20 countries), and structuring the transaction to extract the Australian and Japanese businesses. DNV GL is one of the world's leading certification bodies/registrars offering the latest in management systems certification services.

Our role

Our role involved advising DNV GL Group on all aspects of the transactions, including conducting due diligence on International Standards Certifications international operations, structuring the deal, drafting all transaction documents and managing completion of the transaction.

Outcomes

Our team needed to develop a structure that allowed DNV GL to extract the Australia and Japanese businesses from the trust structure they were held in, while also acquiring the previous trustee (which was required due to the nature of the business's major assets).