BC Partners Said Near Deal to Exit Stake in Canada’s GardaWorld

BC Partners is close to selling a large portion of its controlling stake in GardaWorld back to its management team, in a transaction that values the Canadian security services firm at about C$13.5 billion ($9.8 billion), according to people familiar with the matter. The London-based private equity firm is divesting a majority of its 51% stake to GardaWorld’s founder and chairman, Stephan Cretier , and some other members of the management team, the people said, asking not to be identified as the matter is private. The deal is backed by...