Verisure, the Swiss-based home and small business security provider majority-owned by private equity firm Hellman & Friedman, is planning a €3.1bn ($3.7bn) listing on Nasdaq Stockholm, in what could be one of Europe’s largest IPOs in recent years, according to a report by Reuters.
Proceeds from the flotation will be used to refinance debt and support the acquisition of ADT Mexico. Existing investors Alba Investments and Securholds Spain are also expected to commit €235m.
Founded in 1988 as part of Securitas Direct, Verisure has seen multiple rounds of private equity ownership. After being taken private by EQT in 2008, the business was sold to Bain Capital and Hellman & Friedman in 2011. H&F became sole controlling shareholder in 2015, when it bought out Bain’s stake.
The deal marks another significant exit route for private equity in Europe’s IPO market, which has shown signs of recovery after a subdued first half of 2025. Verisure has more than tripled its customer base over the past decade and posted a 24% rise in adjusted operating profit last year to €819m on revenues of €3.4bn.
