Kirkland & Ellis advised funds advised by BC Partners, a leading international private investment firm, on its agreement alongside Founder, Chairman and CEO Stephan Crétier and others to acquire Rhône Group's equity interest in Garda World Security Corporation, the largest privately-owned security and cash services company in the world, in a C$5.2 billion recapitalization. Following the transaction close, funds advised by BC Partners will have a 51% common equity interest in GardaWorld while Stephan Crétier, together with select members of management, will hold 49%. The transaction, which is subject to customary closing conditions, is expected to close by late 2019.
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The Kirkland team was led by transactional partners Sri Kaushik, Dvir Oren, Matthew O’Brien and Abhishek Kolay; and executive compensation partner Scott Price.