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24th April 2024 Issue no. 702

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Garda World Security founder leads company buyout Add to ...

Stung by investor indifference and calls to eschew acquisitions in favour of debt reduction, Quebec entrepreneur Stephan Cretier is leading a buyout of his security services firm, Garda World Security Corp., so he can start cranking up the deals again.

"We can wait here and deleverage slowly ... or you turn around and say we want to accelerate the growth," Mr. Cretier said Friday as he unveiled a $300-million buyout of Garda by management and British private equity firm Apax Partners LLP.

12th September 2012