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BC Partners completes $5.2B recap of Garda World

Completion of GardaWorld Recapitalization for C$5.2 Billion

The transaction marks Canada’s largest private buyout; positions GardaWorld for future growth

MONTRÉAL and NEW YORK, Oct. 30, 2019 /CNW Telbec/ – GardaWorld’s (“Garda World Security Corporation”) Founder, Chairman and CEO Stephan Crétier, funds advised by leading international private investment firm BC Partners (“BC Partners”) and others, are pleased to announce the completion of the recapitalization of GardaWorld for C$5.2 billion. BC Partners now holds a 51% common equity interest in GardaWorld while Stephan Crétier, together with select members of management, holds a 49% interest.

Founded in 1995 and headquartered in Montreal, Quebec, GardaWorld is the world’s largest privately owned security services company. As an industry leader, GardaWorld offers a wide range of physical and specialized security solutions, as well as end-to-end cash management. It serves a diverse and growing clientele of private companies, governments, humanitarian organizations and multinationals with an employee base of over 92,000 professionals across North American and EMEA. GardaWorld continues to pursue an ambitious growth plan in all of its key markets and business sectors as it aims to become a true global champion in the security services industry.

Barclays and TD Securities acted as financial advisors to GardaWorld. Scotiabank acted as financial advisors to BC Partners. Committed financing for the transaction was provided by JPMorgan Chase Bank, Bank of America, Barclays and TD Securities. Simpson Thacher & Bartlett LLP and Séguin, Racine Attorneys acted as legal counsel to GardaWorld and CR-Honos Parent Ltd while Kirkland and Ellis LLP and Osler, Hoskin & Harcourt LLP acted as legal counsel to BC Partners.

Source: Private Capital Market