GardaWorld founder to take control of firm in deal for BC Partners’ majority stake
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 28/10/2024 (404 days ago), so information in it may no longer be current.
MONTREAL – The founder of Garda World Security Corp. has signed a deal to take control of the company by acquiring BC Partners’ majority stake in the global security firm.
Stephan Crétier, investment firm HPS Investment Partners, Oak Hill Advisors, One Investment Management and others have signed an agreement that values GardaWorld at $13.5 billion.
Crétier is GardaWorld’s founder, chairman, president and chief executive.
Following the close of the deal, Crétier, together with select members of management, will hold about a 70 per cent stake in the company.
HPS, which is leading the group of minority investors, will hold the remaining equity interest, while BC Partners will also continue to hold a minority stake.
The transaction, which is subject to customary closing conditions, is expected to close by Feb. 28, 2025.
This report by The Canadian Press was first published Oct. 28, 2024.