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New Deal


Announced

Crédit Mutuel to acquire Protection 24 from BNP Paribas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Security Services

France

Private

Friendly

Acquisition

Private Equity

Single Bidder

Domestic

surveillance systems

Majority

Synopsis

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Crédit Mutuel, a private equity firm, agreed to acquire Protection 24, a company developing remote surveillance, from BNP Paribas, a French international banking group. Financial terms were not disclosed. “After the payments deal with Lyf, this strategic partnership will further consolidate relations between our two groups. This industrial project will enhance capacity for both our groups to offer customers high-quality remote surveillance solutions, together with continued growth prospects in France and Belgium," Thierry Laborde and Marguerite Bérard, BNP Paribas Deputy COO and Head of French Retail Banking.

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