Private equity buys Securitas for £2bn

A team of private equity firms, Bain and Hellman & Friedman, have agreed to buy Swedish alarms firm Securitas Direct from Swedish rival EQT, the firms said yesterday. The deal values the business at about 20 billion Swedish Kronor (£1.94bn) according to people close to the deal. The pair beat a rival bid from power tools maker Stanley Black & Decker and Carlyle Group for the business owned by EQT.