Centre Testing International Group Co., Ltd. (Stock Code: 300012, "CTI") has reached an agreement with the globally renowned investment institution, Carlyle Group, to complete the acquisition of 100% equity of Safety SA TopCo Proprietary Limited ("Safety SA"), a leading testing, inspection, certification and training (TICT) service provider in South Africa. Simultaneously, CTI has also completed the acquisition of 100% equity of Safety SA's Chinese subsidiary, Nosa Enterprise Consultancy (Shenzhen) Co., Ltd. ("Nosa Enterprise Consultancy"). Safety SA Group is an authoritative institution in the fields of food safety and health, safety, environment, and quality services in South Africa and the African region. Through this transaction, CTI will achieve a deep integration of Safety SA Group's global network resources and Nosa Enterprise Consultancy's local service advantages, further building an integrated TICT comprehensive service platform covering markets in China, Africa, and the Middle East.
Han Kun Law Offices acted as the legal counsel for CTI in this transaction, participating in all stages of the transaction and providing comprehensive legal services, including conducting legal due diligence on Safety SA Group (including its subsidiaries in South Africa, Mauritius and China), drafting and negotiating transaction documents with respect to acquisitions of target entities in South Africa and China, providing legal advises on the transaction structure and Chinese regulatory approvals, coordinating South African lawyers to advise on issues relating to South African Black Economic Empowerment (BEE) policy, trusts, anti-monopoly, etc., assisting in W&I insurance underwriting due diligence and purchase, and coordinating simultaneous closings in multiple jurisdictions. Han Kun Law Offices demonstrated its professional strength in cross-border M&A, as well as its comprehensive ability to coordinate counsel across multiple jurisdictions for this transaction.
