Apax-Backed Garda World to Buy G4S Cash Solutions for $110M

Montréal-based security services company Garda World Security Corp. has agreed to acquire G4S Cash Solutions (Canada), the Toronto-based subsidiary of G4S International Holdings, for $110 million. The deal, which is expected to close before the end of this year, will see G4S Cash Solutions (Canada) form part of Garda World's Cash Services platform, which provides cash processing solutions to businesses. Garda World was taken private for $1.1 billion by British buyout firm Apax Partners and Stephan Cretier, the company's chairman and CEO, in November 2012.

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