Carlyle, CVC partner for potential €1bn Bauwatch takeover
Private equity firms Carlyle Group and CVC Capital Partners are considering a joint bid for European security systems provider Bauwatch, according to a report by Bloomberg citing unnamed people familiar with the matter.
Private equity firms Carlyle Group and CVC Capital Partners are reportedly exploring a potential €1bn takeover of German security systems provider Bauwatch. According to Bloomberg, unnamed sources familiar with the matter indicate that the two firms have been in discussions with Bauwatch's owner, Franz Haniel & Cie. The investment holding company of the Haniel family could value Bauwatch at approximately €1bn, although final agreements are still being negotiated.
The talks are still in the initial stages, and there is no certainty that the deal will go through. Carlyle, CVC, and Franz Haniel have not commented on the matter. Bauwatch specializes in mobile video surveillance and temporary security solutions, operating in over a dozen European markets. In 2021, Franz Haniel acquired Bauwatch from private equity investor Nordian Capital for an undisclosed amount.
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