July 23 (Reuters) - Private equity firm BC Partners is nearing a deal to buy a majority stake in Canada-based security services company Garda World Security Corp, the Wall Street Journal reported on Tuesday.
The agreement values Garda World at around C$5.2 billion ($3.96 billion) and BC Partners will own a 51% stake in the company after the deal. Garda World Chief Executive Officer Stephan Cretier will own the rest along with other management team members, the Journal said https://www.wsj.com/articles/bc-partners-nears-deal-to-buy-security-services-company-garda-world-11563854341.
BC Partners declined to comment on the report, while Garda World did not immediately respond to a request for comment. ($1 = 1.3134 Canadian dollars)