'At least seven firms' competing for Securitas bid
A number of private equity firms are vying to acquire Securitas Direct.
At least seven major private equity firms are competing to acquire Swedish alarm specialist Securitas Direct.
This is according to a Reuters report, which cited the insight of sources close to the issue, indicating that the Carlyle Group, Blackstone Group and Bain Capital are among those employing negotiation strategies in bids for the firm.
"The trio are among at least seven buyout firms submitting indicative bids this week to EQT, the Swedish private equity firm backed by Sweden's Wallenberg family that took Securitas Direct private in 2008," said the report.
It went on to reveal that sources have indicated BC Partners, Clayton, Dubiller & Rice, Hellman & Friedman and Nordic Capital are also involved in sales negotiations.
This comes shortly after voice over IP (VOIP) specialist firm Skype revealed it is to be acquired by software giant Microsoft, as part of a deal worth $8.5 billion (£5.1 billion) - pending approval from regulatory authorities.