Kirkland & Ellis advised Caisse de dépôt et placement du Québec (“CDPQ”), a long-term institutional investor, on its strategic investment in Allied Universal, the leading security services provider in North America, alongside company management and Warburg Pincus and Wendel, its current financial partners. The transaction values Allied Universal at more than $7 billion. Part of CDPQ’s investment also consists of up to approximately $400 million of primary capital which will be used by Allied Universal to pursue its growth strategy and execute on its pipeline of attractive M&A opportunities. The transaction is subject to customary closing conditions and is expected to close by the third quarter of 2019.
The Kirkland team was led by corporate partners Sarah Stasny and Jessica Murray and associate Andy Fleischman; tax partners Sara Zablotney and Lane Morgan; finance partners Melissa Hutson, Andrew Sagor and Jessica Woolf; and executive compensation partner Michael Krasnovsky.