US - Caisse de dépôt et placement du Québec of Canada agreed to acquire a 40% stake in Allied Universal Security Services LLC, a Conshohocken, Pennsylvania-based provider of security guard and patrol services, from Wendel SE (15%) and other existing shareholders, for an estimated USD $1.569 billion in cash, in a privately negotiated transaction.
Date Announced: 02/20/2019
Deal Status (as of publication date): Pending
Deal Value (US mil): $1,568,800
Citi (Financial Advisor)
Kirkland & Ellis LLP (Legal Advisor)
Morgan Stanley (Financial Advisor)
Barclays (Financial Advisor)
Credit Suisse Group (Financial Advisor)
Cleary Gottlieb Steen & Hamilton LLP (Legal Advisor)
Skadden, Arps, Slate, Meagher & Flom LLP (Legal Advisor)
Caisse de dépôt et placement du Québec, located in Quebec City, Quebec, is a pension fund manager for public and parapublic pension and insurance plans. It invests in financial markets, private equity, infrastructure, real estate and private debt sectors and held CAD 308.3 billion in net assets. The Company was founded in 1965.
Allied Universal Security Services LLC, headquartered in Conshohocken, Pennsylvania, provides manned guarding and security services. It offers security services to industries including commercial real estate, higher education, healthcare, residential communities, manufacturing and distribution, financial institutions, shopping centers and other commercial facilities. The Company was founded in 1957.