BC Partners Agrees to Sell Majority Stake in Canada’s GardaWorld

BC Partners has agreed to sell its controlling stake in GardaWorld back to its management team, in a transaction that values the Canadian security services firm at about C$13.5 billion ($9.7 billion).

The London-based private equity firm is divesting most of its stake to GardaWorld’s founder and chairman, Stephan Cretier, and some of the firm’s top executives, who will together hold about 70% of the business, according to a statement that confirmed an earlier Bloomberg News report.

Private credit firm HPS Investment Partners will hold the remaining interest alongside other investors including Oak Hill Advisors and One Investment ...