(Adds details in paragraphs 2-4)
Oct 28 (Reuters) - Private equity firm BC Partners said on Monday it has agreed to sell its controlling stake in GardaWorld, in a deal that values the Canadian security services company at about C$13.5 billion ($9.72 billion).
GardaWorld founder and CEO Stephan Cretier along with some management executives will buy a 70% stake, the companies said in a statement.
Private credit company HPS Investment Partners will hold the remaining equity interest. BC Partners will also continue to hold a minority interest in GardaWorld.
The transaction is expected to close by Feb. 28, according to GardaWorld.
($1 = 1.3894 Canadian dollars)
(Reporting by Jaspreet Singh in Bengaluru; Editing by Alan Barona)
((Jaspreet.Singh@thomsonreuters.com; ))
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