M&A Deal Summary

La Caisse de dépôt et placement du Québec Acquires Allied Universal

On February 20, 2019, La Caisse de dépôt et placement du Québec (Centre CDP Capital) acquired safety/security company Allied Universal from Warburg Pincus and Wendel Group for 7.0B USD

Acquisition Highlights
  • This is La Caisse de dépôt et placement du Québec’s 1st transaction in the Safety/Security sector.
  • This is La Caisse de dépôt et placement du Québec’s 1st largest (disclosed) transaction.
  • This is La Caisse de dépôt et placement du Québec’s 10th transaction in the United States.
  • This is La Caisse de dépôt et placement du Québec’s 1st transaction in California.

M&A Deal Summary

Date 2019-02-20
Target Allied Universal
Sector Safety/Security
Buyer(s) La Caisse de dépôt et placement du Québec (Centre CDP Capital)
Sellers(s) Warburg Pincus
Wendel Group
Deal Type Secondary Buyout
Deal Value 7.0B USD
Advisor(s) Barclays Investment Bank
Morgan Stanley (Financial)
Cleary Gottlieb Steen & Hamilton LLP (Legal)

Target

Allied Universal

Santa Ana, California, United States
website
Allied Universal is a facility services company, and the largest security services provider in North America. With over 150,000 well-trained employees, Allied Universal provides unparalleled security services and solutions to serve, secure and care for the people and businesses in our communities. Headquartered in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver tailored solutions that allow clients to focus on their core business, achieve goals, seize opportunities and exceed stakeholder expectations.

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Buyer(S) 1

Buyer

La Caisse de dépôt et placement du Québec (Centre CDP Capital)

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
PE ASSETS 30.4B CAD
SizeMega
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 33 of 53
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 13 of 16
State (California) 1 of 4
Country (United States) 10 of 17
Year (2019) 1 of 7
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 SURA Asset Management S.A.

Medellín, Colombia

SURA Asset Management S.A. is a Latin American company in the Pension, Savings and Investment industries with operations in Mexico, Peru, Chile, Colombia, Uruguay, and El Salvador. As of September 2018, SURA Asset Management operates a total of USD 135 billion in assets under management for 19.6 million clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Hilco Trading LLC

Northbrook, Illinois, United States

Hilco Trading LLC is an international financial services company. Hilco Global offers a unique platform of more than twenty integrated business units located around the world and focused on three core corporate solution areas: Valuation, Monetization, and Advisory Services. Hilco Trading LLC was founded in 1987 and is based in Northbrook, Illinois.

Buy -

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

website


Category Private Equity Firm
Founded 1966
PE ASSETS 89.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 163 of 197
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 27 of 34
State (California) 20 of 26
Country (United States) 98 of 120
Year (2019) 1 of 17
Size (of disclosed) 3 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 IndiaFirst Life Insurance Co. Ltd.

Mumbai, India

IndiaFirst Life is a life insurance company that provides participating, non-participating and unit-linked insurance products. The company distributes its products primarily to Bank of Baroda and Andhra Bank customers through the banks’ 8,600+ branch network. IndiaFirst Life was founded in 2009 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Contrast Security, Inc.

Los Altos, California, United States

Contrast Security, Inc. is a provider of differentiated technology that embeds vulnerability analysis and exploit prevention directly into modern software. Contrast’s patented deep security instrumentation enables highly accurate assessment and always-on protection of an entire application portfolio, without disruptive scanning or expensive security experts. Contrast Security was founded in 2014 and is based in Los Altos, California.

Buy -
SELLER

Wendel Group

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1704
SizeLarge
Type Sector Agnostic
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.


DEAL STATS #
Overall 9 of 11
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2019) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 PlaYce

Sèvres Cedex, France

PlaYce is a pan-African property company created by CFAO to support its retail development plan. SGI Africa develops and operates shopping centers primarily through its PlaYce brand. The company opened its first PlaYce shopping center in Côte d'Ivoire at the end of 2015 (PlaYce Marcory, Abidjan) and aims to expand into seven other West and Central African countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Crisis Prevention Institute, Inc.

Milwaukee, Wisconsin, United States

Crisis Prevention Institute, Inc. is a training organization specializing in the safe management of disruptive and assaultive behavior. CPI's training reduces the frequency and impact of incidents resulting from aggressive behavior in the workplace, improve professionals' confidence levels, help customers comply with regulatory requirements, and create a safer environment for all involved. Crisis Prevention Institute, Inc. was founded in 1980 and is based in Milwaukee, Wisconsin.

Buy $910M