Tochigi Ontario Holdings says Garda Security receives $1.1 billion buyout offer

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.

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 acquisitions.

“The financial figures of Garda look promising. The company earned $4.9 million in the second quarter. Last year in the same period, Garda earned $3.8 million. Also, its quarterly revenue increased by 13.7 % to $337 million,” said Michael Turner, Director of Corporate Equities at Tochigi Ontario Holdings.

Garda World Security was started by Cretier back in 1995 with an investment of $25,000. The company was the second-largest cash holding entity in the U.S region. However, debt burdens in 2008 led to troubles in the loan agreement. The damage that happened in 2008 resulted in a low stock price. But the company refinanced the debt amount and started operations with full-throttle.

Tochigi Ontario Holdings comments on Focus Media making its comeback in Chinese listing

Senior financial analysts from Tochigi Ontario Holdings have commented on Focus Media making a strong comeback following a listing in China after getting removed from the US stock exchange listings two years back. "Focus Media's removal from US listings was caused by a significant leveraged buyout, the biggest one seen in the country so far. However, the company is back on track to sell shares in China's top share market, courtesy of the firm's decision to undertake a reverse merger," commented Michael Walker, Director of Corporate Equities at Tochigi Ontario Holdings. Following the footsteps of Focus Media, many other Chinese firms were seen queuing up for a relisting. These companies were a part of US listings as well but had to be taken private. Focus Media was established in the year 2003 in Shanghai. In 2005, it came out as a public limited company announcing a hefty $172 million for initial public offerings—this the largest from the si...

Tochigi Ontario Holdings reports that buyout firms are leading the $17 billion battle for Thyssenkrupp unit

Tochigi Ontario Holdings have today reported that in the heated takeover battle for Thyssenkrupp AG's $17 billion elevator company, a deal that could rate as one of the largest transactions worldwide this year, two groups of private-equity companies are through to the next round. "Two groups of private-equity firms are through to the next round in the heated takeover battle for Thyssenkrupp AG's $17 billion elevator business, a sale which could rank as one of the biggest deals globally this year," said Jonathan Turner, Head of Corporate Trading at Tochigi Ontario Holdings. The shortlist of possible investors makes up a consortium backed by Blackstone Group Inc. Carlyle Group Inc. and Canada Pension Plan Investment Board and the second group of Advent International, Cinven and the Abu Dhabi Investment Authority. "The objective is to reach an agreement quickly on a majority or full sale," Thyssenkrupp said in a statement. Tochigi Ontario Holdings repor...

Tochigi Ontario Holdings comments on Cinnabon & Auntie Anne's parent weighing IPO

According to finance executives at Tochigi Ontario Holdings , a new buzz in the market is getting quite the attention these days. Focus Brands plans to launch on the stock market to compete with the industry's most prominent players. The restaurant business specialist investor, Roark Capital Group, is planning an IPO for Focus Brands Inc., which is the franchisor of Carvel, Auntie Anne's, Cinnabon, and other eatery chains. "Focus Group is planning an IPO with a $1 billion market value and has already had preliminary talks with institutional banks. It is scheduled to be in the first quarter of 2019," commented Jonathan Turner, Head of Corporate Trading at Tochigi Ontario Holdings. Roark Capital Group is the proud owner of Inspire Brands Inc. The parent company of Arby's confirmed a deal to buy Sonic Corp. for $2.3 billion last month and has raised a sum of $6.5 billion for its newest funds announced by the company earlier this month. Focus Brands Inc., an affili...

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