Simpson Thacher is representing Garda World Security Corporation ("GardaWorld"), Founder, Chairman and CEO Stephan Crétier, and GardaWorld management in its announced sale of Rhône Group's equity interest in GardaWorld to funds advised by BC Partners in a C$5.2 billion recapitalization, which is the largest private buyout in Canadian history. Following the transaction close, BC Partners will have a 51% common equity interest in GardaWorld while Stephan Crétier, together with select members of management, will hold 49%. The transaction, which is subject to customary closing conditions, is expected to close by late 2019.
GardaWorld is the world's largest privately-owned security services company, offering cash services, physical and specialized security solutions and, with the Crisis24 portal, the dissemination of vetted information related to international security.
The Simpson Thacher team included Ryerson Symons, Johanna Mayer and Loren Shokes (M&A); Jeannine McSweeney and Jason Fixelle (ECEB); Gary Mandel and Sophie Staples (Tax); Kenneth Wallach, Brian Rosenzweig and Ryan Bekkerus (Capital Markets); Eli Isak and Leah Nudelman (Banking & Credit); Lori Lesser and Melanie Jolson (Intellectual Property); Michael Isby (Environmental); and Sara Razi, Ellen Frye and Kelly Karapetyan (Antitrust).