Harneys advises EQT on its sale of the DataFlow Group
Harneys acted as British Virgin Islands counsel to EQT Private Equity in relation to the sale of its interests in the DataFlow Group, a leading global provider of credential verification services. The shares were sold to Arcapita Group Holdings Limited, a global alternative investment firm.
Since EQT’s original acquisition of a majority stake in DataFlow in 2014, DataFlow has transformed into a digitally enabled, leading service provider of compulsory pre-employment primary source verification services. They have established a robust global network that incorporates over 160,000 issuing authorities spanning 190 nations worldwide.
Partner Raymond Ng led the Harneys team with support from Senior Legal Manager Nicholas Fong. Raymond commented: "We are pleased to have supported EQT in this deal, which sets the stage for DataFlow's future expansion under the guidance of Arcapita."
Baker McKenzie provided Hong Kong legal advice to EQT.
The Corporate team at Harneys advises on complex cross-border transactions involving British Virgin Islands, Cayman Islands, Luxembourg, and Cyprus corporate vehicles. The team’s significant track record includes advising on high-profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures. The firm’s expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Luxembourg Stock Exchange.