October 02, 2015
Funds affiliated with Hellman & Friedman LLC (H&F), a leading US-based Private Equity firm, have agreed to acquire the entirety of Bain Capital’s interest in Securitas Direct Verisure Group. The acquisition places H&F in a majority shareholder position alongside Company management and creates an optimal platform for continued growth.
Securitas Direct Verisure Group is a leading European provider of professionally monitored home alarm systems with 24/7 response services offered through its Securitas Direct and Verisure brands. The Company’s mission is to bring peace of mind to families and small business owners by providing them with the best security solutions and service.
Bain Capital and H&F acquired Securitas Direct Verisure Group in 2011. Following their investment and partnership, Securitas Direct Verisure Group has expanded into new countries such as Italy and Brazil, improved on its leadership position in existing markets and delivered exceptional operational and financial performance. Both H&F and Bain Capital sponsored continued investment in cutting-edge innovative products and services as well as world-class talent acquisition and development. Securitas Direct Verisure Group has also implemented numerous initiatives to create a more satisfied and loyal customer base and today has some of the best retention rates globally in consumer-facing services, demonstrating its exceptional service levels and strong value proposition to its customers.
The transaction, set to be the largest in H&F’s 30-year history as one of the most successful and respected Private Equity firms in the world, is subject to customary regulatory requirements and approvals.
Latham & Watkins is advising Hellman & Friedman on the acquisition with a London-based team led by corporate partner David Walker, finance partners Jay Sadanandan and Christopher Hall and capital markets partner Jocelyn Seitzman, with corporate associate Huw Thomas. Latham is also advising Hellman & Friedman on the IPO of its portfolio company Scout24 which also announced this week. David Walker and Christopher Hall led the team which advised H&F on the original acquisition in 2014.