BC Partners sells controlling stake in GardaWorld to Cretier's team for C$13.5bn in Canada's largest private buyout.
BC Partners is selling its controlling stake in Canadian security firm GardaWorld to a management team led by founder Stephan Cretier for approximately C$13.5 billion ($9.7 billion). This marks Canada's largest private buyout. Cretier will acquire about 70% equity, with minority investors including HPS Investment Partners involved. BC Partners will retain a minority stake, and the deal is expected to close by February 28, 2025.
October 28, 2024
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