Sterling Check Corp. (NasdaqGS:STER) acquired Socrates Limited on January 4, 2023. Socrates's expert management team will join the Sterling leadership team. In a related transaction Sterling Check Corp also acquired A-Check Global on March 1, 2023. The two transaction had a combined deal value at net purchase price of approximately $49.1 million. The transaction was funded with available cash on hand and is subject to certain closing adjustments specified in the share purchase agreements. Santiago Ferrer and Juan Felipe Vera of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Sterling Check Corp.
Sterling Check Corp. (NasdaqGS:STER) completed the acquisition of Socrates Limited on January 4, 2023.