ICV Partners of New York, a private equity firm focused on lower middle market companies, has acquired San Ramon, Calif.-based Safe Security, maker of residential and commercial security alarm systems. Terms of the deal were not disclosed.
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Earlier today, I was catching up with Renee LeBran, a partner with RC/Fontis Partners, when I realized she had just given me a bit of news.
It seems that Safe Security, which monitors alarm systems for residential and commercial properties, raised $25 million in debt financing last month. This brings total debt financing to $50 million for the company. The transaction for Safe Security follows an investment from St. Cloud earlier this year, LeBran says.
GE Capital has sold its stake in SAFE Security, a San Ramon, Calif.-based security alarm company, to Rustic Canyon/Fontis Partners. No pricing terms were disclosed, except that the deal included a $25 million senior credit facility from Bank of America.