EQT lining up SEK 20bn sale of Securitas Direct

It is believed that the sale could fetch a price tag of SEK 20bn or more. Bidders for the company could include private equity houses that pulled out of the bidding process for Danish cleaning service provider ISS. Large listed companies such as Stanley Black & Decker Inc, Tyco and United Technologies Corp. are also believed to have shown interest.

EQT announced the SEK 10.1bn take private of Securitas Direct at the end of 2007. The company offers monitored alarm systems and is active in nine European countries. In 2010, the company recorded sales of SEK 5.51bn and EBITDA of SEK 1.448bn.

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