Tochigi Ontario Holdings has today said that Garda World Security, the armoured car and security dealing company, has joined hands with a private equity fund to privatize the company. “The deal on the table is valued at $1.1 billion. The buyout will be led by U.K private equity firm Apax Partners,” said Jonathan Turner, Head of Corporate Trading at Tochigi Ontario Holdings . Tochigi Ontario Holdings says Garda Security receives $1.1 billion buyout offer Stephan Cretier, chief executive of the company and former minor league baseball umpire, will offer his 23.5% in the company. Apax Partners is offering $12 per share to privatize the company. The share price offered represents a 30% premium over the closing share price on the Toronto stock exchange. Mr. Cretier also stated that Garda would buy out more companies after putting a stop to public trading. He also remarked that the company intends to strategize its growth from both organic and acqu...
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