Funds affiliated with US private equity firm Hellman & Friedman have completed the acquisition of Bain Capital’s interest in Securitas Direct Verisure Group making H&F the majority shareholder in the business.

Securitas Direct Verisure Group is a European provider of professionally monitored home alarm systems with 24/7 response services offered through its Securitas Direct and Verisure brands. The company’s mission is to bring peace of mind to families and small business owners by providing them with the best security solutions and service.
Bain Capital and H&F acquired Securitas Direct Verisure Group in 2011. Following their investment and partnership, Securitas Direct Verisure Group has expanded into new countries such as Italy and Brazil, improved on its leadership position in existing markets and delivered exceptional operational and financial performance.

Austin Lally, Group CEO, says: “This transaction is a strong vote of confidence in our unique business model, our track record, the value creation ahead and the talented individuals within our team. The transaction empowers us to fulfil our mission to bring peace of mind and security to families and small businesses. We will focus every day on bringing in high quality customers with attractive economics. We will focus every day on making our customers happy since our customer retention is an important strategic differentiator. I am also delighted to continue to work with H&F. Alongside Bain Capital, we have been working closely with H&F in a very productive way.” 

Austin Lally concluded, “I am very proud of what we have achieved together so far. We now look forward, and we will ensure this new period of ownership is a catalyst for further growth.”
