M&A Deal Summary

Apollo Global Management and ATP Private Equity Partners Acquire ADT

On February 16, 2016, asset manager Apollo Global Management and private equity firm ATP Private Equity Partners acquired safety/security company ADT for 15.0B USD

Acquisition Highlights
  • This is Apollo Global Management’s 2nd and ATP Private Equity Partners’ 1st transaction in the Safety/Security sector.
  • This is Apollo Global Management’s 3rd and ATP Private Equity Partners’ largest (disclosed) transaction.
  • This is Apollo Global Management’s 39th and ATP Private Equity Partners’ 14th transaction in the United States.
  • This is Apollo Global Management’s 3rd and ATP Private Equity Partners’ 1st transaction in Florida.
Investment Fate
  • ADT went public in 2018.

M&A Deal Summary
Date 2016-02-16
Target ADT
Sector Safety/Security
Buyer(s) Apollo Global Management
ATP Private Equity Partners
Deal Type Going Private
Deal Value 15.0B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

ADT

Boca Raton, Florida, United States
website
ADT's corporate headquarters in Boca Raton, Florida.
ADT's corporate headquarters in Boca Raton, Florida.
ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was incorporated in 1874 and is based in Boca Raton, Florida.

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Buyer(S) 2

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 57 of 133
Sector (Safety/Security) 2 of 3
Type (Going Private) 13 of 29
State (Florida) 3 of 4
Country (United States) 39 of 97
Year (2016) 2 of 12
Size (of disclosed) 3 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Pegasus Optimization Managers

College Station, Texas, United States

Pegasus Optimization Managers LLC is a natural gas contract compression and solutions provider. Its focus areas include the Marcellus/Utica, Eagle Ford, Permian, and Niobrara shale plays. Pegasus provides turnkey contract compression services, third-party equipment operations, construction project management, and other natural gas services. Pegasus Optimization Managers is based in College Station, Texas.

Buy -
Buyer

ATP Private Equity Partners

website

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 31 of 43
Sector (Safety/Security) 1 of 2
Type (Going Private) 4 of 4
State (Florida) 1 of 1
Country (United States) 14 of 19
Year (2016) 1 of 5
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Spheros

Gilching, Germany

Spheros is engaged in the development and manufacture of air conditioning systems, heaters, coolant pumps, and other related hardware. Spheros offers tailored solutions for all passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. Spheros was founded in 1956 and is based in Gilching, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Clario

Philadelphia, Pennsylvania, United States

Clario offers a compelling combination of technology, services, and clinical expertise, helping customers to deliver successful clinical trial outcomes by ensuring high-quality data capture, reduced costs, and shortened study timelines. Clario was founded in 1972 and is based in Philadelphia, Pennsylvania.

Buy -
Mergr

Product

Company

Legal