Large security industry deal highlights other smaller private equity deals

Bain Capital and Hellman & Friedman have agreed to acquire Securitas Direct from EQT for $3.2 billion, with an additional $138.6 million performance contingency thrown in.

This deal was reported this morning by Pitchbook, BVR's partner for the Guideline Public Company Comp Tool.   Pitchbook tracks private capital deals--providing this summary of activity in the security markets over the last few years:

Since the beginning of 2009, 38 PE investors have invested in 40 U.S.-headquartered companies engaged in the Security Services industry, according to the PitchBook Platform. Acquisitive growth strategies have been behind many of the transactions with half of the 40 deals being add-on acquisitions, and, despite a few anomalies, smaller deals have also been the norm with a median deal size of $24 million for 2009 and only $17 million for 2010. The most active investors in the industry during the time period have been Egis Capital PartnersExpedition Capital Partners and LaSalle Capital Group, each with 4 deals apiece.