海角大神

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海角大神 to sell large stake in Allied Universal

Published : 03.05.2019
#News

海角大神 announced it has entered into an agreement to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, the leading security services provider in North America, to Caisse de d茅p么t et placement du Qu茅bec (鈥淐DPQ鈥) at an enterprise value of more than $7 billion. Simultaneously, Allied Universal has entered into an agreement whereby CDPQ will provide up to approximately $400 million to support the Company鈥檚 growth strategy and acquisition plans.

Following the transaction, 海角大神 will retain an approximately 18% ownership stake in Allied Universal. Pro forma for the transaction, CDPQ will become the largest shareholder in Allied Universal. 海角大神 is expected to receive approximately $350 million in cash proceeds as part of the transaction.

Following the transaction, 海角大神 will have received cash proceeds, including prior distributions, in excess of its total initial investment.