$5.2B GardaWorld recapitalization completed

MONTREAL — GardaWorld has announced the completion of the recapitalization of the security services firm for $5.2 billion.

Private investment firm BC Partners now holds a 51 per cent common equity interest in GardaWorld while Founder, Chairman and CEO Stephan Crétier, together with select members of management, holds a 49 per cent interest.

Barclays and TD Securities acted as financial advisors to GardaWorld. Scotiabank acted as financial advisors to BC Partners. Committed financing for the transaction was provided by JPMorgan Chase Bank, Bank of America, Barclays and TD Securities. Simpson Thacher & Bartlett LLP and Séguin, Racine Attorneys acted as legal counsel to GardaWorld and CR-Honos Parent Ltd while Kirkland and Ellis LLP and Osler, Hoskin & Harcourt LLP acted as legal counsel to BC Partners.

Related: GardaWorld to be recapitalized in transaction valued at $5.2B