Baird Sells ArmorGroup Stake

Baird Capital Partners and other shareholders have sold ArmorGroup International PLC, a UK-listed provider of defensive and protective security services in markets like Iraq and Afghanistan, to G4S for gbp44 million. Baird originally sponsored a management buyout of ArmorGroup from Armor Holdings Inc. (now part of BAE Systems) in 2004. It realized most of via a flotation, but retained a 31% equity stake. 

PRESS RELEASE

Baird Capital Partners Europe Limited (“Baird”) announced today that it has sold its stake in ArmorGroup International plc (“ArmorGroup” or “the Company”), alongside other shareholders, to G4S, the international security solutions group, for 80 pence per share in cash, a total consideration of