Investing.com - Hillhouse Investment is close to buying a significant minority stake in UK-based certifications and inspections business LRQA from Goldman Sachs Group Inc.’s asset management arm, according to reporting from Bloomberg, citing people familiar with the matter.
The Asian investment firm is finalizing details of a transaction that may be announced as soon as today, the people said.
Goldman Sachs Asset Management’s alternatives unit will continue to own a majority stake in LRQA, the people said.
Goldman Sachs bought LRQA from Lloyd’s Register in 2021. LRQA provides services including quality assurance, inspection, safety and cybersecurity in sectors ranging from food and beverage to healthcare and renewable energy.
The company has a presence in more than 150 countries and has expanded organically and via acquisitions.
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