IFLR1000

Hellman & Friedman acquisition of Bain Capital's stake in Securitas Direct Verisure Group

2/10/2015
Private acquisition
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Completed

2/10/2015

Overview:

  • Funds managed by Hellman & Friedman has acquired Bain Capital’s interest in Securitas Direct Verisure Group.
  • Hellman & Friedman and Bain jointly acquired Securitas in 2011.
  • Securitas Direct Verisure Group is a European monitored home alarm systems provider headquartered in Sweden.
  • Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, Nomura and Nordea Bank have provided the financing for the acquisition. The target also issued notes as part of the financing.

Sam Duke - Editor

Jurisdictions:

Luxembourg
Sweden
United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Consumer goods and services

Firms:
Cuatrecasas

Party: Bank of America Merrill Lynch (Initial purchaser)

Party: Barclays (Initial purchaser)

Party: Citigroup (Initial purchaser)

Party: Credit Suisse (Initial purchaser)

Party: Deutsche Bank AG Na ON (Initial purchaser)

Party: Goldman Sachs (Initial purchaser)

Party: HSBC (Initial purchaser)

Party: Morgan Stanley (Initial purchaser)

Party: Nomura (Initial purchaser)

Party: Nordea Bank (Initial purchaser)

Lawyers: Iñigo de Luisa, Jaime de la Torre

Elvinger Hoss Prussen

Party: Hellman & Friedman (Acquirer)

Lawyer: Toinon Hoss

Kirkland & Ellis

Party: Bain Capital (Seller)

Lawyer: William Burke

Latham & Watkins

Party: Hellman & Friedman (Acquirer)

Lawyers: David Walker, Jocelyn Seitzman

Vinge

Party: Hellman & Friedman (Acquirer)

Lawyer: Jonas Bergström

Weil Gotshal & Manges

Party: Goldman Sachs (Lender)

Party: Morgan Stanley (Lender)

Party: Bank of America Merrill Lynch (Lender)

Party: Nomura (Lender)

Party: Nordea Bank (Lender)

Lawyers: Chris McLaughlin, Reena Gogna

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