BC Partners completes recap of GardaWorld
U.K. private equity firm BC Partners has closed its previously announced recapitalization of Garda World Security Corp, a Montréal-based security services provider, for $5.2 billion. As a result of the transaction, BC Partners now holds a 51 percent stake in GardaWorld while Chairman and CEO Stephan Crétier and select members of management have a 49 percent stake. Barclays and TD Securities provided financial advice to GardaWorld while Scotiabank did likewise for BC Partners.
30 October 2019•3 mins read
