Kirkland & Ellis and White & Case snatched key roles advising on EQT Funds’ SEK21 (£2.04m) sale of security products maker Securitas Direct to a private equity consortium.
Bain Capital and Hellman & Friedman are set to acquire the business from the Swedish private equity group, beating off competition from US tool maker Stanley Black & Decker, which had teamed up with private equity outfits Carlyle and Clayton Dubilier & Rice.
A White & Case team led by Stockholm partner Ulf Johansson advised EQT, with senior associate Tuula Tallavaara managing the project. Tallavaara brought the client to the White & Case Stockholm team following her move from Swedish firm Vinge last year. While at her previous firm she advised EQT on its acquisition of Securitas in 2008.
Although the international firm has advised EQT in other jurisdictions, including the UK and Finland, this was their first deal together out of Stockholm.
The team was assisted by associates John Gustafsson, Christian Reineby, Björn Andersson and Martina Engström in Stockholm.
The private equity buyers turned to longstanding adviser Kirkland, with corporate partners Sam Pakbaz, Ross Allardice and James Learner in Londonleading.
In-house, the consortium was advised by Bain European general counsel Bart Gombert, as well as Arrie Park, general counsel at Hellman & Friedman.