GardaWorld Announces Recapitalization Transaction Valued at C$13.5 Billion
10.28.24
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Simpson Thacher is representing Garda World Security Corporation ("GardaWorld"), Founder, Chairman and CEO Stephan Crétier, and GardaWorld management in its announced sale of BC Partners’ majority equity interest in GardaWorld to funds advised by HPS Investment Partners, Oak Hill Advisors, One Investment Management and others in a transaction valuing GardaWorld at C$13.5 billion, which is the largest private buyout in Canadian history. Following the close of the transaction, Stephan Crétier, together with select members of management, will hold approximately 70% of GardaWorld, and HPS, together with Oak Hill Advisors, One IM and other investors, will hold minority equity interest. BC Partners will also continue to hold a minority stake. The transaction, which is subject to customary closing conditions, is expected to close by February 28, 2025.
The Simpson Thacher team includes Ryerson Symons, Si Sun, Christopher Haughey, Xavier Grivel and Aydin Benoit-Savci (M&A); Sophie Staples, Edward Grais and Michael Stephenson (Tax); Jeannine McSweeney, Alan Fenyes, Josh Stephens and Mtume Sangiewa (Executive Compensation & Employee Benefits); Ken Wallach, Brian Rosenzweig, Evan Zuckerman, Shub Chandrasekaran (Capital Markets); Eli Isak and Jule Walsh (Credit); Steven DeLott (Insurance); Sara Razi, Kelly Karapetyan, Etienne Renaudeau, Lindsey Bohl, James Goldfeier, Henry Llewellyn and Luke Cowdell (Antitrust).