Strong year-on-year growth
over the historical period,
including through the recession
Providing financing for a leading European alarm systems supplier
Company: Securitas Direct Verisure Group
Location: Malmö, Sweden
Sector: Alarm systems
Investor: Partners Group (mezzanine)
For more info:
Date mezzanine invested: 2011
Date mezzanine exited: 2015
"Our track record of investment in Securitas Direct demonstrates our commitment to financing quality, recession-resilient and cash-generative businesses over economic cycles. We know Securitas Direct Verisure Group very well and are delighted to have the opportunity to continue to support the business as one of the original and anchor investors in the senior debt."
Christopher Bone, Private Debt Europe
Securitas Direct Verisure Group is a leading European supplier of monitored alarms for residential and small business customers. It designs, sells and installs alarms and provides ongoing monitoring services across thirteen countries in Europe and Latin America.
What did the business need?
Securitas Direct needed a committed and flexible lender able to agree on financing conditions under tight deadlines and in a fast-moving acquisition process.
How did we create value?
We had been a lender to Securitas Direct since 2008 and, in 2011, acted as debt arranger in what was then one of the highest profile mezzanine financings in the market to enable the company's further growth and international expansion.
What outcomes did we achieve?
In 2015, we successfully exited our 2011 mezzanine investment in the company, providing a money multiple of around 1.5x to our clients. We also re-committed as a significant senior lender to Securitas Direct and will continue to support the company in the next phase of its growth.