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...We therefore feel there will be a better entry point for new buyers.”Berenberg ● In brief: AB InBev cut to “neutral” at UBS; Air France-KLM raised to “market Perform” at Bernstein; Air Liquide raised to...
...The Stockholm District Court has appointed a bankruptcy trustee to look into the Securitas case....
...Parakram Suraksha will plunge into a sector currently dominated by multinational firms, including G4S, Peregrine, and Securitas, which have large operations in India’s fast-growing market for private security...
...However James McLeary, president of Securitas South Africa, part of the Sweden-based Securitas group that employs about 4,000 people in South Africa, describes the situation as “challenging”....
...Securitas is the company in question....
...Its enterprise value is 9.5 times ebitda, well behind that of its Swedish rival Securitas at 12....
...Quarterly earnings from Securitas beat market expectations with the Swedish group pointing to better pricing in North America and more high-margin spot work in Europe....
...Although the fastest growth in demand for security services is in emerging markets, the US is expected to remain the most profitable for G4S and its competitors, which include Securitas AB of Sweden, Tyco...
...Mr Roddy told the Financial Times that Shield, the third-biggest provider of purely security services after G4S and Securitas, was growing rapidly....
...by a Securitas employee on behalf of Nestlé in 2003....
...Mr Allen is employed by Pinkertons, established in 1850 in the US by Glasgow-born Allan Pinkerton and is now a subsidiary of Securitas....
...Valued in line with Securitas, a slower grower, they look affordable, providing Mr Buckles can dodge further PR disasters. Barrage disparaged There are two varieties of Severn bore....
Markets generally traded in tight ranges during 2012
...On a forward multiple of 11.5 times, they are not expensive for the sector generally, although at a slight premium to Securitas. Short-term thrill-seekers should look elsewhere....
...“Numericable and Securitas Direct would have been very, very difficult to do towards the end of last year,” said another senior banker....
...Others such as Babcock, Securitas and Virgin Media were also present....
...Examples of such pass-the-parcel deals include EQT Partners’ €2.3bn sale of Swedish alarm company Securitas Direct to fellow private equity groups Bain Capital and Hellman & Friedman....
...Securitas Direct, a Swedish alarms maker, recently relaunched a long-delayed junk bond....
...Morgan Stanley, HSBC and Deutsche Bank are among those to have underwritten leveraged takeovers for Polkomtel, Securitas Direct, Spie, Com Hem and Coditel when market conditions were more benign....
...Securitas Direct, a provider of burglar and assault alarms and smoke detection for private homes and small businesses, was spun out of Securitas Group in 2006 and was taken private two years later in a deal...
...The Polkomtel bridge loan is the largest remaining in Europe, along with Securitas Direkt....
...An early-bird discount on its management fee surely helped, but the company’s record – including last month’s highly profitable €2.3bn disposal of Securitas Direct, an alarm company – was a bigger selling...
...She sits on the boards of Securitas, the Swedish security group, Volkswagen, the German carmaker, and Munich Re, the world’s biggest reinsurer....
...FT Comment These figures should be a relief for investors in G4S given that Securitas, the group’s closest competitor, has been hit by contract losses and rising labour costs....
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