Consolidation • Safety/Security

Warburg Pincus and Wendel Group Acquire Allied Universal

On May 2, 2016, private equity firms Warburg Pincus and Wendel Group acquired safety/security company Allied Universal

Acquisition Context
  • This is Warburg Pincus’ 4th and Wendel Group’s 2nd transaction in the Safety/Security sector.
  • This is Warburg Pincus’ 153rd and Wendel Group’s 3rd transaction in the United States.
  • This is Warburg Pincus’ 7th and Wendel Group’s 2nd transaction in Pennsylvania.
Investment Fate
  • Allied Universal was sold to a consortium of financial buyers in 2019 for 7.0B USD.

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M&A Deal Summary

Date May 2, 2016
Target Allied Universal
Sector Safety/Security
Buyer(s) Warburg Pincus
Wendel Group
Deal Type Consolidation

Target Company

Allied Universal

Conshohocken, Pennsylvania, United States
Allied Universal is a facility services company and security services provider in North America. It delivers comprehensive security and facility solutions by combining skilled personnel with advanced technology, helping clients protect assets, enhance safety, and focus on their core business objectives. Allied Universal was founded in 2016 and is based in Conshohocken, Pennsylvania.
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Buyers Overview 2

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
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 Context for Buyer #
Overall 302 of 493
Sector: Safety/Security 4 of 4
Type: Consolidation 1 of 2
State: Pennsylvania 7 of 12
Country: United States 153 of 242
Year: 2016 11 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Universal Services of America

Santa Ana, California, United States

Universal Services of America is a facility services companies in the U.S., combining an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever - evolving needs of today’s business environments. Headquartered in Santa Ana, Calif., today, Universal is a $2.5 billion company with more than 80,000 employees on staff. The company is now the second largest manned guarding security company in North America and employs a hands-on, highly experienced management team and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service, Universal Protection Security Systems, Universal Fire/Life Safety Services and Universal Building Maintenance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 DocuTAP

Sioux Falls, South Dakota, United States

DocuTAP is a provider of software for electronic medical records, practice management software and revenue cycle management for more than 1,300 urgent care and primary care clinics. The Company has grown significantly in the last several years, expanding its workforce, and adding 350 urgent care clinics to its network in the last year alone.

Buy -
Buyer

Wendel Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1704
Size Large
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 Context for Buyer #
Overall 12 of 25
Sector: Safety/Security 2 of 2
Type: Consolidation 1 of 1
State: Pennsylvania 2 of 2
Country: United States 3 of 6
Year: 2016 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 AlliedBarton Security Services

Conshohocken, Pennsylvania, United States

AlliedBarton Security Services LLC is a provider of superior security officer services to protect people, homes and businesses. AlliedBarton tailors security programs to meet clients’ needs with committed professionals who enhance clients’ brands. The most honored security services provider, AlliedBarton consistently delivers exceptional service which creates a differentiated experience for clients and the people they serve. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate needs and build enduring relationships.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 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.

Buy -