Transaction to Take Garda Private by a Group Led by Company Founder, Chairman and CEO Stephan Cretier Completed
November 13 2012 - 5:12PM
Marketwired
Garda World Security Corporation ("Garda") (TSX:GW), one of the
leading Security Solutions and Cash Logistics firms in the world,
announced today that the consortium formed by Stephan Cretier,
Founder, Chairman and CEO of Garda, and a subsidiary of funds
advised by Apax Partners ("Apax"), a global private equity firm,
have concluded the acquisition (the "Transaction") of Garda and
have acquired all of the outstanding Class A shares of Garda (the
"Common Shares") for cash consideration of $12 per Common Share. As
a result of the completion of the Transaction, it is expected that
the Common Shares of Garda will be delisted from the Toronto Stock
Exchange on or about November 15, 2012 at the closing of the
market.
For shareholders who held their Common Shares through a broker,
the payment of the consideration will be processed through their
broker. For shareholders who held their Common Shares in registered
form, the payment of the consideration will be processed after they
deposit their share certificates with Canadian Stock Transfer
Company Inc., the depositary for the Transaction, in accordance
with the instructions in the Letter of Transmittal previously sent.
Any questions regarding payment of the consideration, including any
request for another form of Letter of Transmittal, should be
directed to the depositary via telephone at 1 (800) 332-6179 (toll
free in North America) or via email at
inquiries@phoenixadvisorscst.com.
The Letter of Transmittal and details regarding the Transaction
contained in the management information circular of Garda dated
September 24, 2012 can be found under Garda's profile at
www.sedar.com.
ABOUT GARDA
Garda is a global provider of security and cash logistics
solutions. With headquarters in Montreal, Canada, the firm's 45,000
dedicated professionals, among the most highly qualified and
best-trained in the industry, serve clients in countries throughout
North America, Europe, Latin America, Africa, Asia and the Middle
East. Garda works with clients in a broad range of sectors and
industries including financial institutions, retailers,
governments, humanitarian relief organizations and the natural
resources, construction and telecommunications industries. Garda's
global experts take the time to fully understand their clients'
business goals and objectives in order to customize solutions with
strong local engagement that meet their needs. As a result, clients
can improve operational performance, meet their business
obligations, and achieve their corporate objectives. With proven
experience and a commitment to ensuring the highest ethical
standards in everything the company does, Garda has earned a
reputation for integrity, leadership and uncompromising safety
standards. Most importantly, businesses, governments and individual
clients place their trust in Garda. For further information about
Garda, please visit: www.garda.com.
ABOUT APAX PARTNERS
Apax Partners is one of the world's leading private equity
investment groups. It operates across the United States, Europe and
Asia and has more than 30 years of investing experience. Funds
under the advice of Apax Partners total over US$35 billion around
the world. These Funds provide long-term equity financing to build
and strengthen world-class companies. Funds advised by Apax
Partners invest in companies across its global sectors of Tech
& Telecom, Retail & Consumer, Media, Healthcare and
Financial & Business Services. For further information about
Apax, please visit: www.apax.com.
Contacts: Garda Nathalie de Champlain, VP Communications +1 561
939 2330nathalie.dechamplain@garda.com Garda - US Inquiries Joe
Gavaghan, Director Communications +1 302 294 2162 x
400162joe.gavaghan@garda.com Garda - Canada Inquiries Isabelle
Panelli, Corporate Affairs +1 514 281 2811 x
2550Isabelle.panelli@garda.com Apax - US Inquiries Kekst and
Company Todd Fogarty +1 212 521 4854todd-fogarty@kekst.com Apax -
European Inquiries FTI Consulting Fergus Wheeler 020 7831
3113Fergus.wheeler@fticonsulting.com Contacts: Apax Partners Ben
Harding/Georgiana Brunner +44 (0)20 7872
6401/6429communications@apax.com