H&F Agrees to Take Majority Stake in Securitas Direct Verisure Group
October 06, 2015
Hellman & Friedman has agreed to acquire the entirety of Bain Capital's stake in Securitas Direct Verisure Group, effectively making H&F the majority backer of the business. Acquired by H&F and Bain in 2011, the company is a provider of professionally monitored fire and intrusion alarms, which include response services in the event of an alert. Its services and products integrate in to the smart, connected home and are used by over 1.9 million customers across Europe and Latin America. Kirkland & Ellis, Latham & Watkins and Weil, Gotshal & Manges are serving as legal advisors on the deal, which would be H&F's largest investment in its 30-year history.