M&A Deal Summary

BC Partners Acquires Garda World Security

On July 23, 2019, private equity firm BC Partners acquired safety/security company Garda World Security from Rhône Group for 5.2B CAD

Acquisition Highlights
  • This is BC Partners’ 1st transaction in the Safety/Security sector.
  • This is BC Partners’ 6th largest (disclosed) transaction.
  • This is BC Partners’ 2nd transaction in Canada.
  • This is BC Partners’ 1st transaction in Quebec.

M&A Deal Summary
Date 2019-07-23
Target Garda World Security
Sector Safety/Security
Buyer(s) BC Partners
Sellers(s) Rhône Group
Deal Type Recapitalization
Deal Value 5.2B CAD
Advisor(s) Barclays Investment Bank
TD Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Garda World Security

Montreal, Quebec, Canada
website
Garda World Security Corp. is a privately owned security services providers, offering a range of highly focused business solutions including cash services, protective services, and aviation services. GardaWorld works across a broad range of sectors, including natural resources and critical infrastructures, retail, construction, telecommunications, and manufacturing, and on behalf of Fortune 500 companies, governments, NGOs, and humanitarian relief organizations. Garda World was formed in 1995 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 85 of 95
Sector (Safety/Security) 1 of 1
Type (Recapitalization) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2019) 2 of 3
Size (of disclosed) 6 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Synthon International Holding B.V.

Nijmegen, Netherlands

Synthon International Holding B.V. is an international science-centered pharmaceutical company focused on the provision of affordable, high-quality small-molecule generics and hybrids to patients all around the world. Currently, its products are approved by regulatory agencies in around 100 countries and marketed through strategic partnerships with the largest pharmaceutical companies in the world, and in dedicated areas through direct sales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Presidio

New York, New York, United States

Presidio is a technology services and solutions provider that builds traditional IT foundations and offers deep expertise in automation, security, networking, digital transformation, and cloud computing, It develops custom applications, provides managed services, enables actionable data insights, and builds forward-thinking solutions that drive extraordinary outcomes for customers globally. Presidio was founded in 2003 and is based in New York, New York.

Buy $2.1B

Seller(S) 1

SELLER

Rhône Group

New York, New York, United States

website

Category Private Equity Firm
Founded 1996
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.

DEAL STATS #
Overall 14 of 17
Sector (Safety/Security) 1 of 1
Type (Recapitalization) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Hudson s Bay Company

Brampton, Ontario, Canada

Hudson’s Bay Company operates approximately 250 department stores in the U.S. and Canada. The company owns a portfolio of 77 properties located in premium urban locations, both directly and through its joint ventures, including the Saks Fifth Avenue flagship store in New York. Hudson’s Bay Company offers an assortment of apparel, accessories, shoes, beauty products, and home merchandise through its three retail banners: Hudson’s Bay, Saks Fifth Avenue, and Saks OFF 5TH. Hudson's Bay was founded in 1670 and is based in Brampton, Canada.

Buy CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Wellbore Integrity

Houston, Texas, United States

Wellbore Integrity is a provider of critical oilfield services and products focused on downhole-related applications, historically operating across six continents in over 70 countries. Wellbore Integrity was founded in 2019 and is based in Houston, Texas.

Buy -
Mergr

Product

Company

Legal