EQT Partners is selling its stake in Swedish alarm company Securitas Direct to Bain Capital and Hellman & Friedman, Financial Times reports. The Swedish private equity group will obtain a total of around €2.3 billion for the sale.

On the transaction, the buyers were advised by Goldman Sachs, Nomura and Bank of America Merrill Lynch, adds Bloomberg. The acquisition, made in partnership with Securitas management, includes a potential payment based on performance.

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