PE Deals

Allied Universal wins bid for G4S, beating GardaWorld: Reuters

US-based Allied Universal made the highest bid in an auction for Britain’s G4S, defeating a sweetened bid from Canada’s GardaWorld after a months-long battle for the security specialist, Reuters reported.

By
Iris Dorbian
-
private equity deals, PE Hub

US-based Allied Universal made the highest bid in an auction for Britain’s G4S, defeating a sweetened bid from Canada’s GardaWorld after a months-long battle for the security specialist, Reuters reported. The Allied offer valued G4S at $5.3 billion. Montreal-based GardaWorld, a security and cash services provider, is backed by BC Partners.

Source: Reuters