Securitas Direct Acquired by Bain Capital and Hellman & Friedman
Summary
Securitas Direct, a Malmö, Sweden-based provider of monitored alarm solutions to residential and small business customers, has been acquired by private equity funds managed by Bain Capital and Hellman & Friedman from EQT V for an enterprise value of SEK 21bn in cash plus a potential additional payment of up to SEK 0.9bn.Bain Capital and Hellman & Friedman have acquired the company alongside its management.The acquistion will support the company in entering new markets, also outside Europe, and pursue new acquisition opportunities.Taken private from the Stockholm Stock Exchange in 2008 by EQT V, Securitas Direct implemented an aggressive growth strategy and accelerated international expansion.Acquisitions included Hafslund Sikkerhet in Norway, and Home Safety in The Netherlands.