Warburg Pincus and CDPQ-backed Allied Universal completed the acquisition of G4S for $5.3bn.

Warburg Pincus and CDPQ-backed Allied Universal, a provider of security products and services, completed the acquisition of G4S, a British multinational security services company, for $5.3bn. “The G4S Board is confident in the long-term prospects of the business and believes this (agreed) offer represents an excellent opportunity to create a leading global security company,” John Connolly, G4S Chairman. On September 30, 2020, G4S rejected $3.81bn hostile offer from GardaWorld. On November 12, 2020, regulators in Canada and the United States have cleared the way for the combination of GardaWorld and G4S to proceed. On December 2, 2020, GardaWorld increases bid for G4S to $4.9bn. On December 8, 2020, G4S rejected the $4.9bn offer from GardaWorld, opting for Allied's bid. On January 27, 2021, GardaWorld extended its buyout offer period for G4S to February 10. On February 10,2021, Allied Universal extended for a second time its deadline for shareholders of G4S to accept its buyout offer. On February 12,2021, UK takeover regulator to hold auction for G4S. On February 23, 2021, G4S urges shareholders to accept Allied deal. On March 16, 2021, Allied Universal's offer for G4S became unconditional as to acceptances. On April 12, 2021, Allied had received valid acceptances under the offer in respect of a 90.25% stake in G4S.