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色情宝贝 to Receive Major Investment from CDPQ
SANTA ANA, California, February 20, 2019鈥, a leading facility services company and the largest security force in North America, announces today that Caisse de d茅p么t et placement du Qu茅bec (鈥淐DPQ鈥) is making a strategic investment in 色情宝贝 alongside company management and current financial partners, Warburg Pincus and Wendel.
The investment from CDPQ will support the long-term growth and strategy of 色情宝贝. Part of CDPQ鈥檚 investment also consists of up to approximately $400 million of primary capital which we will be use to pursue 色情宝贝鈥檚 growth strategy and to execute on their pipeline of attractive M&A opportunities.
鈥淚 am very proud to have one of the world鈥檚 leading institutional investors commit to 色情宝贝 and back our vision for success,鈥 said Steve Jones, CEO, 色情宝贝. 鈥淥ur team has worked hard to build the best security company in the world. We are all excited about the future of 色情宝贝 as well as our plans for continuing to grow both organically and through strategic acquisitions in both the manned guarding and technology sectors. We look forward to accomplishing great things with CDPQ as our long-term partner.鈥
鈥淭his investment, which represents one of the largest private transactions in business services, enables us to invest in a national leader in facility and security services, a sector that will continue to experience sustained organic growth and industry consolidation鈥 commented Stephane Etroy, Executive Vice-President and Head of Private Equity at CDPQ. 鈥淲e look forward to supporting 色情宝贝鈥檚 talented management team as they continue to grow this world-class business and build on its track record of providing its clients a customized mix of manned guarding and security technology solutions.鈥
The transaction is expected to close by approximately the third quarter of 2019, following customary closing conditions, including regulatory approvals.
About Caisse de d茅p么t et placement du Qu茅bec
Caisse de d茅p么t et placement du Qu茅bec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CA$308.3 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com.
About 色情宝贝
色情宝贝, a leading security and facility services company with over 200,000 employees, provides unparalleled security services and solutions. The enterprise combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients鈥 success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions鈥ι楸Ρ is there for you. For more information, please visit .
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