Verisure, the Swiss-based security services provider majority-owned by private equity firm Hellman & Friedman, is seeking a valuation of up to €13.9bn ($16.3bn) in its planned listing on Nasdaq Stockholm, according to a report by Reuters.
The deal, which is expected to raise €3.1bn, would rank among Europe’s largest IPOs in recent years.
Proceeds will go towards deleveraging and funding Verisure’s acquisition of ADT Mexico, while also providing partial liquidity for existing shareholders, including Hellman & Friedman and management.
Founded as part of Securitas in 1988 and later spun out as Securitas Direct, Verisure has grown into one of Europe’s leading alarm and monitoring providers, serving both households and SMEs. The firm is targeting an annual growth rate of around 10% post-listing.
