Baar-Zug, 12 September 2011
Partners Group, the global private markets investment manager, acted as an arranger, on behalf of its clients, for the mezzanine debt financing of Swedish headquartered alarm solutions provider Securitas Direct which was acquired by Bain Capital and Hellman & Friedman.
Securitas Direct is a European supplier of monitored alarm solutions for residential and small business customers. It has shown strong year on year growth over the historical period and has a leading market share in its key home markets. The credit quality is reinforced by a subscription-based business model with a large portion of recurring revenue, which is supported by a broad customer base of close to 1.4 million clients.
Juri Jenkner, Managing Director and Head of the London office, comments "Having originally provided mezzanine to the public to private takeover in 2008, we saw the business increasing its EBITDA by more than 50% during the last three years despite the crisis. Our investment team worked for many months on a mezzanine financing solution and we were pleased to have the opportunity to continue to support the business. The business provides valuable security services to millions of customers across Europe, and we are delighted to be able to continue to support the growth of this recession-resilient business."