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Evolve sells talent strategy business
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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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