PE-backed Allied Universal beats rival bid for G4S
February 23, 2021
Canada's GardaWorld said it will not try to top Allied Universal's rival offer to buy G4S in deal that values the UK security giant at £3.8 billion. Allied, which is backed by Warburg Pincus and W Capital, offered to pay 245 pence per share, beating BC Partners-backed GardaWorld's earlier 235 pence per share offer. The five-month-long bidding war came to an end after the UK's takeover regulator broke the deadlock by forcing a head-to-head auction.