Stirling Square Capital Partners, a pan-European private equity investor, has acquired Italian security and surveillance business Sicurglobal in a secondary buyout deal from BS Private Equity. The value of the deal was undisclosed although it was estimated to weigh in at between EUR 150m to EUR 200m.
Italian private equity firm BS Private Equity backed the management buy-in of Sicurglobal in 2004. It build the company up through acquisition making eight add-ons in total. The exit is thought to have generated a 2.5 times money return for BS Private Equity.