Verisure, a leading provider of domestic security systems, is gearing up for a major initial public offering in Europe, expected to value the company at over €20bn (£16.7bn).
Owned by private equity firm Hellman & Friedman (H&F), Verisure is in the early stages of planning for a public listing.
Sources close to the company indicate that the IPO is likely to take place in 12 to 18 months, with London and Amsterdam being considered as potential listing destinations. Verisure, incorporated in Sweden and headquartered in Switzerland, may also explore listing options in Stockholm and Zurich.
With approximately 5.5 million customers across 17 countries, Verisure has transitioned to a subscription model under CEO Austin Lally, offering advanced services to its customer base.
News of Verisure’s IPO plans comes at a crucial time for the London Stock Exchange Group, as hopes for other major floats in London have faced setbacks.
Verisure is expected to be valued at over €20bn, with some industry insiders suggesting the figure could reach €30bn (£25.2bn) when accounting for debt.
H&F acquired a majority stake in Verisure in 2015, making it the company’s largest shareholder after purchasing Bain Capital’s stake. Verisure was previously known as Securitas Direct Verisure Group.
While a spokesperson for Verisure declined to comment, H&F did not respond to requests for comment.