The Carlyle Group Agrees to Acquire ADT Korea From Tyco for US$1.93 Billion (Asia)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in South Korea-based Tyco Fire & Security Services Korea and its subsidiaries (ADT Caps, Capstec and ADT Security), which form and operate the company’s Korean security business, ADT Korea, from Tyco, a global fire protection and security company, in a cash transaction valued at approximately US$1.93 billion. The transaction will be structured through Carlyle Asia Partners IV and Carlyle Partners VI. The Carlyle Group has secured committed debt financing from Korea Exchange Bank, Kookmin Bank, Industrial Bank of Korea, Korea Investment & Securities and UBS. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014