Baring Asia prepares to take SAI Global private

SAI Global, the Sydney-based risk management company, has flirted with potential buyers for two years. But with Baring Asia Private Equity, it has finally found a match.

Baring Asia prepares to take SAI Global private

Baring Asia Private Equity entered into an agreement with SAI Global earlier this week, after making a cash-offer of A$4.75 per share for 100% of the company, according to an announcement on the Australian Securities Exchange.

The offer price represents a 32% premium to where SAI closed the day before the announcement and will give the companyl a valuation of A$1.079 billion.

The stock instantly moved up after it starting trading on...

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