Wallace Advises the Shareholders of Critical Resource on the Sale to ERM
Wallace Advises the Shareholders of Critical Resource on the Sale to ERM
The Wallace team recently advised founder Daniel Litvin and his fellow shareholders on the sale of Critical Resource Strategy & Analysis Limited to ERM.
Founded in 2006, Critical Resource provides strategic advice to mining and energy firms and their investors specialising in socio-political, stakeholder and sustainability risk assessments of energy and mining assets. Critical Resource assists senior executives to develop policies on key ethical issues such as climate change. Critical Resource’s advisory board includes Shell’s chairman Charles Holliday and Rio Tinto’s chairman Simon Thompson.
ERM is a leading global provider of environmental, health, safety, risk, social consulting services and sustainability related services with worldwide revenues of almost $1 billion last year.
Reporting on the transaction the Financial Times commented:
“The deal comes as data and index providers try and tap into rising interest in ethical investment”.
Corporate partner John Woodhouse led the Wallace team assisted by senior associate Laura Gillard and corporate associate Sabrina Mitchell. Head of employment, Daniel Isaac, advised Daniel Litvin on his new employment arrangements with ERM.
John Woodhouse commented:
“We have an established reputation of advising consulting businesses on all aspects of their business and growth plus realising founder value by way of sale. This is one such transaction and we are delighted to have assisted Daniel and his shareholders on what should be an exciting opportunity to continue to grow Critical Resource’s core specialisms as part of the ERM group”.
“Thanks to Wallace for all of its great and hard work on the deal. Your expert support has been invaluable.”