August 08, 2023
On August 8, 2023, ADT Inc. (“ADT”), a trusted brand in smart home and small business security, announced that it has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments. Cravath is representing ADT in connection with the transaction.
The Cravath team is led by partners Robert I. Townsend III, O. Keith Hallam III and Sanjay Murti and includes associates Alexander E. Greenberg, Patrick S. Taylor, Nicholas B. Singer and Christopher G. Doherty on M&A matters; partners Andrew J. Pitts and Christopher J. Kelly and associate Evan S. Gabor on financing matters; partner Ronald E. Creamer Jr. and associate Christopher M. Winters on tax matters; partner Matthew J. Bobby and associates Jana I. Hymowitz and Nicholas J. Celli on executive compensation and benefits matters; partner Sasha Rosenthal-Larrea and associates Kathryn-Ann Stamm, Christopher P. Davis, Joanne Dynak and Leo M. Ramseyer on intellectual property matters; partner Kimberley S. Drexler, of counsel Lisa M. Kohl and associate Filareti Kouimtzi Filaretou on corporate governance matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters. Sarah R. Brathwaite also worked on intellectual property matters.
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