Charterhouse eyes $1.6 billion offer for G4S unit: report-Bloomberg

(Reuters) – British private equity group Charterhouse Capital Partners CHCAP.UL is mulling making a 1 billion pounds ($1.6 billion) offer for G4S’s cash-solutions business, according to Bloomberg.

G4S, the world’s biggest security firm, declined to comment and Charterhouse was not immediately available to comment on the report.

Charterhouse approached banks and its investors over financing a deal for the unit, which transports cash using high-security vehicles and manages ATM machines, according to three people familiar with the matter.

G4S is aware of the proposal and discussed the sale option internally, said one of the sources, but it may decide against a sale of the unit, according to the report.