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Evolve sells talent strategy business

Evolve sells talent strategy business

Sell, money, Australian dollar

Two Australian law firms have advised on the sale of Evolve Intelligence’s talent strategy business to Mercer Australia.

Firms: Clarendon Lawyers (Evolve Intelligence Pty Ltd); Lander & Rogers (Mercer Australia Pty Ltd)

Deal: The founders of Evolve Intelligence Pty Ltd have been advised on the sale of its talent strategy business to Mercer Australia Pty Ltd.

Value: Undisclosed.

Area: M&A

Key players: Managing director Tony Symons led the Clarendon Lawyers legal team, with assistance from senior associate Alexandra Gleed.

Deal significance: Evolve was founded in 2013. Since its inception, the company has provided strategic talent solutions for corporate clients, including succession risk management, talent intelligence, talent acquisition and assessment, according to a statement from Clarendon.

Meanwhile, Mercer is a global consulting leader in advancing health, wealth and career, and a wholly-owned subsidiary of Marsh & McLennan Companies.

Mr Symons congratulated Evolve on the successful completion of this transaction.

“We are delighted to have advised the founders on the sale of Evolve, which is a testament to Evolve’s global reputation, the achievements of the business over a short period of time and the market-leading solutions that it provides to an enviable global client base," he said.

“It is always especially rewarding to help guide and advise founders through a sale of their business to a global market-leading business like Mercer.”

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