ESML Intressenter increases its shareholding to above 90 procent and prepares for compulsory squeeze-out in Securitas Direct

The offer referred to in this press release is not being made (nor will any tender of shares be accepted from or on behalf of holders) in any jurisdiction in which the making of the offer or the acceptance of any tender of shares therein would not be made in compliance with the laws of such jurisdiction. The offer is not being made, directly or indirectly, in or into Australia, Canada,

During the autumn 2007, ESML Intressenter AB (“ESML”), wholly owned by EQT V Limited, announced a public cash offer for all shares in Securitas Direct AB. The offer was completed on 20 March 2008, at which time ESML reached an ownership of approximately 80 percent of all shares in the company. The Securitas Direct B-share was de-listed from OMX Nordic Exchange Stockholm on 15 August 2008.

ESML hereby announces that the company through continuous acquisitions of shares in Securitas Direct AB has reached an ownership of more than 90 percent. ESML is now preparing the initiation of compulsory squeeze-out of the remaining minority shares.

The acquisitions have been made partly through an offer during the last couple of weeks to Swedish shareholders with minor holdings, partly through the acquisition of the approximately 10 percent stake held by the US hedge fund Pennant. The majority of the acquisitions have been made at a price below, and none at a price exceeding, the public cash offer made by ESML, i.e. SEK 27.50. The Pennant holding was acquired at SEK 26.25 per share.

Announcement of initiation of compulsory squeeze-out will be made through a press release and through information on the websites of EQT and Securitas Direct AB.

Stockholm October 21, 2008

ESML Intressenter AB

For questions, please contact:

EQT Partners AB
Harry Klagsbrun, Senior Partner
Tel: +46 (0)8 506 55 323

About Us

EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.


Documents & Links