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The FT: Advisors to G4S Bidder GardaWorld in line for £312m Payday

19 Oct 2020 8:16 AM | Mia Devonshire (Administrator)

Canadian security firm GardaWorld has bid £3bn to takeover their rival UK firm, G4S. If the bid is successful, they could earn £312m in fees according to a report they have recently released.

Bankers that have helped to provide financial advice and broking services could also earn £100m in fees if a deal is signed. A further £180m is set to be paid to banks providing financial agreements used to pay for the deal. 

The G4S has also recently received interest from Allied Universal, one of the largest security firms in the US.

G4S are trying to keep their shareholders happy after rejecting GardaWorlds previous bid. However, many are open to a takeover at a higher price. 

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