Garda World Security plans financing via RBC and BAML for buyout

By Sara Rosenberg

New York, Sept. 7 - Garda World Security Corp. expects to get new financing from Royal Bank of Canada and Bank of America Merrill Lynch for its acquisition by Apax Partners, according to a news release.

Under the agreement, Garda is being purchased for C$12 per share in cash. The transaction is valued at C$1.1 billion, including assumed debt.

Closing is expected later this year, subject to Court approval and shareholder approval, which is expected to be sought at a meeting in October.

Garda is a Montreal-based provider of security and cash logistics solutions.

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