Polaris Capital acquired an 80% stake in Panasonic's security systems division.

Private equity firm Polaris Capital acquired an 80% stake in Panasonic's security systems division. In a statement, Polaris said it has agreed to a strategic capital alliance with Panasonic and signed a share purchase and shareholders agreement through one of its funds, Polaris Private Equity Fund IV. Panasonic will hold the remaining 20%. Financial terms were not disclosed.