PSP Investments Backs Apollo Buyout of ADT
Posted on 02/18/2016
Apollo Global Management LLC agreed to acquire alarm vendor The ADT Corporation, a Boca Raton-based company, in a deal that values ADT at around US$ 7 billion. As debt becomes harder to raise, Apollo Global raised US$ 750 million for the purchase price by selling preferred shares to an affiliate of Koch Equity Development LLC, […]
