BC Partners and founder, chairman and CEO Stephan Crétier agreed to acquire Rhone Group's equity interest in Garda World Security Corporation, the largest privately-owned security and cash services company in the world, in a C$5.2bn recapitalization. Following the transaction close, BC Partners will have a 51% common equity interest in GardaWorld while Stephan Crétier, together with select members of management, will hold 49%. "We look forward to partnering with GardaWorld's founder Stephan Crétier and management team to further grow the company in the attractive security services industry, which we believe offers significant opportunities for consolidation. We admire GardaWorld's unique entrepreneurial culture and superior operating model, which have contributed to its track record of best-in-class performance over the years. Looking forward, we are confident that our partnership will add significant value as the company continues to expand its reach," Paolo Notarnicola, BC Partners Partner.