Baird Capital Europe has sold its stake in security services company ArmorGroup International Plc to G4S, an international security solutions group, for a total consideration of £44m, respresenting a price of 80 pence per share in cash.
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company