GardaWorld closes $14 billion recapitalization following initial $13.5 billion buyout

On October 28, 2024, Stephan Crétier, Founder, Chairman, President, and CEO of GardaWorld, led a management team in acquiring a 70% controlling interest in GardaWorld Security Corporation in a transaction initially valued at $13.5 billion. Minority investors, including HPS Investment Partners, Oak Hill Advisors, One Investment Management, and others, retained a 30% stake, while BC Partners, GardaWorld’s former majority owner, maintained a minority position.

Upon closing on March 5, 2025, the recapitalization transaction valued the business at C$14 billion, marking the largest private buyout in Canadian history. The transaction underscores GardaWorld’s strategic ambitions in security services, AI-enabled security technology, integrated risk management, and cash automation solutions. Since BC Partners’ initial investment in 2019, GardaWorld has doubled its annual operating profit to over $1 billion. Crétier emphasized the company’s commitment to continued expansion and innovation, particularly in AI-driven security solutions and cash management through its Sesami and Crisis24 units. GardaWorld’s recent acquisition of Stealth Monitoring further strengthens its video surveillance capabilities.

Legal advisors included Simpson Thacher & Bartlett LLP and Langlois Lawyers LLP for Crétier and GardaWorld’s senior management. Stikeman Elliott LLP and Latham & Watkins LLP represented HPS Investment Partners, while Osler, Hoskin & Harcourt LLP and Kirkland & Ellis LLP advised BC Partners. Financial advisors included Jefferies International Limited, UBS Investment Bank, and BofA Securities for GardaWorld, with TD Securities advising HPS and JPMorgan advising BC Partners.

Deal Type

Merger & Acquisition

Industry

Other

Transaction

$ 14,000,000,000

Deal Status

Active

Closing Date