Lenders’ £180m G4S GardaWorld payday hangs in the balance

By Mike Turner
03 Dec 2020

GardaWorld, the Canadian security company, made its final pitch for larger UK rival G4S on Wednesday, raising the offer to £3.68bn in a deal that will land the lenders up to £180m in fees.

GardaWorld has been in hostile pursuit of G4S since the summer and has increased its offer twice, starting at £3bn before bumping it up to £3.2bn in October.

The borrower has lined up a raft of loan facilities totalling $4.55bn and €1.29bn for the acquisition.

Barclays, Bank of America, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial