Deals
Bain, Hellman Said to Plan Special Dividend Payment for Verisure
- Owners may pay themselves dividend of about $550 million
- Private-equity firms want to refinance in U.S. currency market
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The private-equity owners of Verisure Holding AB are planning to borrow an extra 500 million euros ($556 million) against the Swedish security and alarm company to pay themselves a dividend, according to three people with knowledge of the matter.
Bain Capital and Hellman & Friedman, which bought Verisure, then called Securitas Direct, for 2.3 billion euros in 2011, are seeking to refinance the company in the U.S. currency markets, said the people, who asked not to be identified because the information is private. A sale or initial public offering of Verisure was also discussed, two of the people said.