US buyout firm GTCR is exploring a potential acquisition of residential security company SimpliSafe, currently owned by Hellman & Friedman, according to a report by Bloomberg citing unnamed people familiar with the matter.
GTCR is in discussions with HPS Investment Partners for approximately $1.2bn in financing to support a possible deal, with other direct lending firms expected to participate. The company could be valued at roughly $2.5 billion including debt, according to Bloomberg’s sources.
SimpliSafe was acquired by Hellman & Friedman in 2018, and in 2022 a consortium led by Capital One Financial Corp. provided over $200m of additional financing to support growth and refinance debt.
Negotiations remain preliminary, and terms or financing arrangements could change, while other bidders may emerge. Representatives for GTCR, Hellman & Friedman, HPS, and SimpliSafe declined to comment.
