GTCR Said to Explore Bid for Hellman & Friedman’s SimpliSafe

Buyout firm GTCR is weighing a bid for Hellman & Friedman’s residential security company SimpliSafe, according to people familiar with the matter.

GTCR is in talks with HPS Investment Partners for about $1.2 billion in financing to support a possible acquisition of the company, said the people, who asked not to be identified because the information was private. Other direct lending firms are expected to contribute financing alongside HPS, the people said.