Simpson Thacher represented Garda World Security Corporation (“GardaWorld”), one of the largest security companies in the world, in connection with GardaWorld’s acquisition of Tidel, a leading North American provider of cash automation solutions, and the signature of a definitive agreement for the acquisition of Sweden-based Gunnebo Group’s cash management business, comprising automated cash processing solutions, software and related services, with a leading market position in EMEA, LATAM and APAC for a combined consideration of approximately C$900M.
Tidel and Gunnebo will join Sesami Cash Management Technologies, a cash ecosystem performance and technology company, owned by GardaWorld.
The Simpson Thacher team included Ryerson Symons, Matt Gabbard, Cedric Karaoglan and Sheena Sangal (M&A); Jeannine McSweeney, Alan Fenyes and Meredith Brenton (Executive Compensation & Employee Benefits); Benjamin Rippeon and Ed Grais (Tax); Lori Lesser, Alysha Sekhon and Samuel Watters (Intellectual Property); Krista McManus and Stephanie Brenner (Real Estate); Michael Isby (Environmental); Steven DeLott (Insurance); Sara Razi, Étienne Renaudeau, Kelly Karapetyan, John Goheen and Henry Llewellyn (Antitrust); and Leah Nudelman, Daniel Kim and Paige Brinton (Credit).