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BRIEF-BC Partners - Group Led By Founder, CEO Crétier And Bc Partners To Recapitalize Gardaworld In Deal Valued At C$5.2 Bln

Published 2019-07-23, 08:55 a/m
BRIEF-BC Partners - Group Led By Founder, CEO Crétier And Bc Partners To Recapitalize Gardaworld In Deal Valued At C$5.2 Bln

July 23 (Reuters) - BC Partners:

* GROUP LED BY FOUNDER, CHAIRMAN & CEO STEPHAN CRÉTIER AND BC PARTNERS TO RECAPITALIZE GARDAWORLD IN TRANSACTION VALUED AT C$5.2 BILLION

* GARDA WORLD SECURITY CORPORATION - STEPHAN CRÉTIER, BC PARTNERS, OTHERS REACHED A DEFINITIVE AGREEMENT TO ACQUIRE RHÔNE GROUP'S EQUITY INTEREST IN CO

* GARDA WORLD SECURITY - FOLLOWING DEAL CLOSE, BC PARTNERS TO HAVE 51% COMMON EQUITY INTEREST IN GARDAWORLD

* GARDA WORLD - RHÔNE CAPITAL WILL NO LONGER HAVE ANY EQUITY PARTICIPATION IN GARDAWORLD.

* GARDA WORLD - FURTHER FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED.

* GARDA WORLD - COMMITTED FINANCING FOR TRANSACTION IS BEING PROVIDED BY JPMORGAN CHASE BANK, BANK OF AMERICA, BARCLAYS AND TD SECURITIES

* GARDA WORLD SECURITY - FOLLOWING DEAL CLOSE, STEPHAN CRÉTIER, ALONG WITH SOME MEMBERS OF MANAGEMENT, TO HOLD 49% COMMON EQUITY INTEREST IN GARDA WORLD

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