Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 13.1.2021  
C(2021 ) 263 final  
PUBLIC VERSION  
To the notifying party  
Subject : Case M. 10038  – ALLIED UNIVERSAL TOPCO / G4S  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 2 and Article 57 of the Agreement on the European 
Economic Area  
Dear Sir or Madam,  
1. On 9 December  2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Allied 
Universal Topco LLC (‘Allied U niversal’, USA), controlled by Warburg Pincus LLC 
(USA) and Caisse de Dépôt et Placement du Québec (‘CDPQ’, Canada)  acquires 
within the meaning of Article 3(1)(b) of the Merger Regulation  sole control of the 
whole of G4S plc (‘G4S’, United Kingdom) .3 The c oncentration is accomplished by 
way of public bid announced on 8 December 2020.  
2. The business activities of the undertakings concerned are:  
 for G4S: a global integrated security business, offering a broad range of security 
services around the world  includin g guarding, integrated security solutions, 
custodial and detention services, immigration, and policing, as well as a broad 
range of other services, such as health services, crisis planning, facilities 
management, employment services, and cash solutions,  
 for Allied Universal : a security services and facilities management company  
which provides: (i) integrated security  solutions incorporating manned guarding 
and security technologies, (ii) cleaning and  maintenance services, (iii) risk 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  For the purposes of this Decision, although the United Kingdom withdrew from the European Union as 
of 1 February 2020, according to Article 92 of the Agreement on the withdrawal of the United 
Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic 
Energy Community (OJ L 29 , 31.1.2020, p. 7), the Commission continues to be competent to apply 
Union law as regards the United Kingdom for administrative procedures which were initiated before the 
end of the transition period.  
3  Publication in the Official Journal of the European  Union No C 436, 17.12.2020 , p. 23. 

2 advisory and consultin g services, and (iv) temporary  and permanent staffing 
solutions, to customers across a variety of business sectors.  It is mainly active in 
the United States, and to a lesser extent, in other countries, including  the United 
Kingdom . It is an existing full -function joint venture, jointly controlled by 
Warburg Pincus, a global private equity firm and CDPQ, an institutional investor.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .