Garda World Security plans new financing for buyout by BC Partners

By Sara Rosenberg

New York, July 23 – Garda World Security Corp. has received a commitment for financing from JPMorgan Chase Bank, Bank of America, Barclays and TD Securities to help fund its acquisition by BC Partners from Rhone Capital, according to a news release.

The recapitalization of Garda is valued at C$5.2 billion.

Upon completion, BC Partners will have a 51% common equity interest in Garda, and Stephan Cretier, founder, chairman and chief executive officer, together with select members of management, will hold 49%.

Closing is expected by late this year, subject to customary conditions.

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

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