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

calendarJanuary 20, 2023
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.


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