PE Deals

PE-backed GardaWorld hikes up bid for rival G4S: Reuters

Montreal-based security company GardaWorld has increased its offer for British rival G4S, which rejected an earlier proposal, according to a Reuters report.

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Montreal-based security company GardaWorld has increased its offer for British rival G4S, which rejected an earlier proposal, according to a Reuters report. The new offer values G4S at about US$3.81 billion. Since GardaWorld made its offer public on September 14, G4S shares are up 30 percent. GardWorld was last year recapitalized by BC Partners.

Source: Reuters