The Firm is representing Apax Partners, L.P. (“Apax”) in connection with the sale of a portion of its indirect stake in Garda World Security Corporation (“GardaWorld”) to investment funds affiliated with Rhône Capital (“Rhône”). Immediately following the closing of the transaction, Apax and Stephan Crétier, Founder, Chairman and Chief Executive Officer of GardaWorld, will continue to hold a majority of the shares of GardaWorld’s parent company and appoint 60% of the Board of Directors. Closing of the transaction is subject to regulatory approvals and other customary conditions and is expected to occur in the quarter ending July 31, 2016.
GardaWorld is the world’s largest privately owned security and cash services provider, which serves clients throughout North America, Europe, Africa, Asia and the Middle East.
The Simpson Thacher team includes Ryerson Symons, Anthony Vernace, Paul Bennett and Mark Viera (M&A); Ken Wallach and Brian Rosenzweig (Capital Markets); Brian Steinhardt (Banking and Credit); Brian Robbins, Doug Tang and Nadine Mompremier (Executive Compensation and Employee Benefits); Michelle Morad (Intellectual Property); Tim Mulvihill (Environmental); Gary Mandel, Jordan Tamchin and George Davis (Tax); David Vann, Étienne Renaudeau and Pauline Patat (International Antitrust); Michael Naughton (U.S. Antitrust); and Jennifer Nadborny (PCAP).