SGAM AI buys Polish security company

The investment arm of the French bank has done its second deal as it looks to bring leveraged buyouts to the Central and Eastern European region’s mid-market.

SGAM Alternative Investments has bought a majority stake in security company Agencya Ochrony Skorpion Security for an undisclosed sum.

The company provides security guards, electronic alarm monitoring and cash transport throughout Poland.

Skorpion had a turnover of around PLN92 million (€25.7 million; $38.7 million) in 2007. The firm said it intends to expand the company rapidly by consolidating the security market in Poland.

The buyout follows the fund’s first acquisition, the buyout of Polish food company Fornetti Wroclaw in December.

SGAM Alternative Investments raised its first CEE fund last year with €156 million ($231.9 million) of commitments.

Bill Watson, chief investment officer for Eastern European private equity at SGAM, told PEO in November he felt the region was ready for leveraged buyouts in its mid-market as well as in the region’s more established larger buyout arena, where firms such as Mid Europa Partners and Enterprise Investors are active.