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Weil Advises on the Financing of Hellman & Friedman’s Acquisition of Securitas Direct from Bain Capital

Weil advised on the multi-billion dollar financing of Hellman & Friedman’s acquisition of Bain Capital’s holding in Securitas Direct, the Malmö, Sweden headquartered provider of professionally monitored home alarms.

Finance partner Reena Gogna and High Yield partner Patrick Bright advised Goldman Sachs, Morgan Stanley, Nomura, Nordea Bank and another major financial institution. Finance Partner Chris McLaughlin advised Goldman Sachs Merchant Banking Division as lead investor alongside funds managed by EQT Credit and MezzVest in respect of privately placed notes. They were supported by a team of associates including Dan Borg, Paul Ingram, Nitin Konchady, Faiza Rahman, Ondrej Rob, Alexander Horstmann, Christopher Wall, Drew Hodel, Bhavesh Madia, Stefan Monaghan, Alice Vinten and trainees Adam Goldfarb, Anan Ju and Naomi Prashker. Tax advice was provided by associate Ellie Marques.

The deal was subject to customary regulatory clearances and other approvals and consents.

The deal was one of a number of high-profile European situations that the Banking and High Yield team has advised on in 2015.

Further recent mandates include: advising the lenders on Onex’s €3.75 billion acquisition of SIG Combibloc, the lenders on CVC Capital Partners’ $1.2 billion acquisition of Sky Bet from Sky plc and on the high yield financing of Centerbridge Partners’ €1.2 billion acquisition of Senvion.

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