BC Partners to buy majority of Garda World in $5.2 bln deal: WSJ

U.K. private equity firm BC Partners is nearing a deal to buy a majority interest in Garda World Security Corp, a Montréal-based security services provider, according to a report by the Wall Street Journal.

The agreement, which values Garda World at about $5.2 billion, would see BC Partners own a 51 percent stake, the report said. Garda World’s founder, Chairman and CEO Stephan Crétier, would hold the rest along with other members of the management team.

Garda World was acquired in 2017 by U.S. private equity firm Rhône Capital and Crétier. The seller was U.K. private equity firm Apax Partners, which led a consortium in 2012 to buy the company for $1.1 billion.