Garda World Security Corporation, one of the world's largest privately owned security and cash services providers, announced today that Stephan Crétier, along with certain members of management and an entity held by investment funds affiliated with Rhône Capital, a global alternative investment management firm, have entered into a conditional purchase agreement with a subsidiary of funds advised by Apax Partners to acquire all of Apax's remaining shares of the parent company of GardaWorld. Closing of the transaction, if all conditions are satisfied or waived, is expected to occur during the quarter ending July 31, 2017. "Apax has leveraged its financial expertise to support management in the growth of the company" highlighted Stephan Crétier. "The Board of Directors wishes to thank the Apax team for its contribution. Since November 2012, the company underwent exceptional growth, almost doubling in size in terms of its revenues and its employees. GardaWorld now operates in 29 countries in Africa, Middle East and Europe. The Management Team and myself are excited to continue our partnership with Rhône to build a true global Canadian Champion."