Global alternative asset manager The Carlyle Group, today announced that, following a binding offer, Carlyle has entered into exclusive negotiations to acquire Præsidiad from CVC Fund VI.
Headquartered in Ghent, Belgium, Præsidiad produces integrated perimeter security systems that protect people and critical infrastructure around the world. Præsidiad serves customers across oil and gas, energy, aerospace and defence, information technology, industrial and consumer end-markets.
Michele Volpi, CEO of Præsidiad, said: "Over the last few years, Præsidiad has transformed into a successful high-security solutions provider protecting people and critical infrastructure across the globe. I am looking forward to accelerating this transformation, growing the business both organically and through additional acquisitions as we continue to address the growing global needs for improved security and protection."
The binding offer was submitted by Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. The terms of this transaction, which requires workers' council consultation and is subject to the approval of relevant market authorities, are not disclosed.