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Stirling Square Capital Partners announces acquisition of Sicurglobal the Italian security company

April 2008

Stirling Square Capital Partners [“Stirling Square”], the pan-European private equity firm, today announces that it has signed an agreement to acquire Sicurglobal, the largest player in the Italian security service market, from BS Private Equity. The transaction value is not disclosed.

Sicurglobal, which is headquartered in Milan, is the combination of several local operators, some of which have been active in the Italian security services market for up to 90 years. Sicurglobal currently operates in 21 provinces in Italy’s Northern and Central regions, deploying over 2,600 armed guards, 700 vehicles and 23 monitoring centres.

The company’s activities encompass a wide range of surveillance services, which are grouped into three areas: patrolling and alarm monitoring, guarding, and cash handling. The Group recently widened its service scope into complementary, high value-added services such as satellite telesecurity and security systems integration and consulting.

Sicurglobal has a diversified customer base accounting for more than 75,000 customers or 100,000 users, ranging from residential customers to large businesses such as corporations, banks and public administration organisations. The company reported a consolidated turnover of EUR 165m in 2007 and has a strong track record in successful acquisitions.

Stirling Square will support the existing management team led by CEO Francesco Simonelli in consolidating Sicurglobal’s market leading position and driving further growth. Sicurglobal is highly representative of Stirling Square’s investment strategy which is to target companies that offer potential for further operational improvement and market consolidation through acquisitions.

The acquisition follows Stirling Square’s string of successful pan-European, complex mid-market transactions, including the investment and subsequent sale of Global Design Technologies in May 2007 for $343m, and the sale of Schoeller Arca Systems for €428m in July 2007. The sale of GDT was named ‘France and Benelux Deal of the Year’ at the EVCA Private Equity Awards held in Barcelona in December 2007.

Stefano Bonfiglio, who coordinated the investment on behalf of Stirling Square Capital Partners, said:


“We are delighted to partner with Sicurglobal, a leading company in its market which has seen rapid growth and consistently delivered one of the highest profit margins in the sector. We have been particularly impressed by the quality of Sicurglobal’s management and their ability to adapt quickly to market and client needs, which are essential components for long-term success in this industry. This acquisition highlights one of Stirling Square’s key investment strategies of building growth through market consolidation and operational expansion”.


Francesco Simonelli, CEO of Sicurglobal, said:

“With Stirling Square’s active support, Sicurglobal’s management team will continue to expand successfully in its markets. This acquisition comes at a time of extensive opportunities due to recent regulatory changes and high pent up demand for security services”.

- ENDS -

Advisers to Stirling Square Capital Partners

Financial: Cross Border

Notes to Editors:

For further information contact:

Nigel O’Connor, Financial Dynamics (for Stirling Square Capital Partners):

Tel: + (44) 20 7269 7105 / 07917 615 347
Email: Nigel.oconnor@fd.com

Stirling Square Capital Partners

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

SSCP targets European transactions between €50-500 million from a wide spectrum of industries and specialises in complex, cross border deals. Since inception in September 2002, SSCP has led eleven leveraged acquisitions. The partners at SSCP collectively bring over 80 years of private equity experience.


www.stirlingsquare.com