CVC weighs take-private bid for Verisure, market value €9.7 billion

CVC Capital Partners is in the very early stages of assessing a bid to take Verisure private, Reuters reported, less than a year after Hellman & Friedman listed the Swedish security company in Stockholm. No offer has been made and there is no guarantee CVC will pursue a deal, according to the person familiar with the matter cited by Reuters. The Financial Times first reported CVC's interest.

Verisure's market value has fallen to about €9.7 billion from the €13.7 billion valuation at its October 2025 listing, according to LSEG data, and the shares are down more than 33% so far this year. Hellman & Friedman remains the largest shareholder with a 43.62% stake. The company sells professionally monitored security services in 18 countries across Europe and Latin America.

For allocators holding CVC or H&F exposure, the fate of H&F's 43.62% stake decides who writes the equity cheque in any take-private. The HedgeCo report lists the practical hurdles any approach would face: the size of the equity check, financing costs in a higher-rate environment and the need to win over a controlling holder with its own view on value. A deal that leaves H&F in place looks less like a full exit for its fund investors and more like a change of co-owner.

At about €9.7 billion, a buyer would need to pay a premium of roughly 41% just to match the IPO valuation, according to a calculation by CTOL Digital Solutions. A standard take-private premium could therefore land a bid near where public investors bought in a year ago, which the report suggests offers them a path to recover their entry price.