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Sicurglobal acquires Mega Italia to become the Italian leader in integrated security services

October 2009

Sicurglobal SpA ["Sicurglobal"], the leading provider in the Italian security service market, owned by pan-European private equity firm Stirling Square Capital Partners ["Stirling Square"], announces that it has acquired Mega Italia SpA ["MegaItalia"], Italy’s leading player in electronic security systems and associated technological services. The transaction complements Sicurglobal’s existing security services, which largely comprise the provision of armed guards.

Established in 1974 in Brescia (Italy), MegaItalia operates in the area of design, realization, and selling of multifunctional and integrated safety systems for the protection of people and assets. MegaItalia provides multifunctional and integrated security systems in Italy through 6 local branches and a network of 59 franchisees. Its products and services include alarm systems (anti-theft alarms, gas alarms, fire alarms, burglar alarms, etc.), control systems (building automation, alarm control centers, access control, money handling, etc.), video surveillance systems (CCTV, etc.) and 24-hour maintenance and assistance.

The deal is another major strategic step forward for Sicurglobal, which with the acquisition of MegaItalia will be able to offer comprehensive security service to the Italian market. The combined pro forma turnover is approximately €200 million.

As part of the agreement the shareholders of MegaItalia will become minority shareholders of Sicurglobal, and its management team will be integrated with that of Sicurglobal.

Francesco Simonelli, CEO at Sicurglobal, said:

"This is an important move for Sicurglobal as it cements our position as the market leaders. MegaItalia will give the business a broader range of integrated services for our customers. We are enthusiastic about the prospects for the combined business with its differentiated, high value -added, service offering and welcome MegaItalia’s outstanding and proven management team to contribute to our successful business formula."

Ivo Benedetti, CEO at MegaItalia, said:

"The owners and senior managers of MegaItalia were keen to identify an appropriate partner for our future growth, and in Sicurglobal we have found a business with fantastic synergies with our own company and a shared belief in the prospects for the combined group. Much of the proceeds from the sale have been reinvested in the equity of the newly enlarged company as we are keen to share in the success story ahead, alongside Stirling Square and the Sicurglobal management team."
Stefano Bonfiglio, partner at Stirling Square, said:

"We are delighted to have completed this acquisition in what has been a very difficult buy-out market. The deal underlines our strength in Italy and shows that we have the skills to take advantage of the right opportunities despite the obvious challenges the current environment presents."

Stirling Square has also backed the buyouts of three other Italian companies; Metroweb, Jeckerson and Microtecnica.

Legal advisers to Sicurglobal were Pavia e Ansaldo, and Ashurst.

- ENDS -

Notes to editors

For further information contact:

Sophia Winfield, Financial Dynamics

Tel: +44 (0) 20 7269 7161


Fergus Wheeler, Financial Dynamics:

Tel: + (44) 20 7269 7259

About Stirling Square Capital Partners

Stirling Square Capital Partners is one of Europe’s leading mid-market private equity investors. SSCP seeks to invest in firms characterised by proven business models, market leadership, high cross-border development potential and talented management teams.

SSCP targets European transactions between €50m and €500m from a wide spectrum of industries. Since its inception in September 2002, SSCP has led either directly or indirectly through its controlled companies fourteen leveraged acquisitions across a variety of industrial sectors and international markets.