Allied Common expresses curiosity because the battle between G4S and Garda intensifies

On October 9, 2020, the security company G4S plc,announcedthat it had received an expression of interest from its US rival Allied Universal Security Services LLC regarding a possible offer for G4S.

Allied Universal is a security and facility services company with offices in the US, UK, Canada and Mexico. After a number of mergers over the years, the company has grown in size. The merger with Universal Services of America in 2016 cemented its position as the largest security company in North America. Both G4S and Allied Universal are among the three largest security companies in the world. Allied Universal’s largest donors include the Caisse de Dépôt and Placement du Québec (CDPQ) pension fund, the private equity firm Warburg Pincus and the Brazilian bank J Safra Group, all of which only invested in the company last year. A portion of CDPQ’s investment also included approximately £ 300 million in primary capital that will be used to pursue Allied Universal’s growth strategy and implement the pipeline of attractive M&A opportunities.

The possible offer comes from the fact that G4S is defending itself against a hostile offer by the Canadian company GardaWorld Securities, which afixed offer

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