The Firm is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco’s fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.
Tyco is the world’s largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. ADT Korea, headquartered in Seoul, South Korea, is a leading provider of advanced security solutions in South Korea, serving approximately 475,000 small-and-medium-sized businesses, commercial and residential customers.
The Simpson Thacher team includes Alan Klein, Jin Hyuk Park, Iksoo Kim and Jasmine Kaufman (M&A); Lori Lesser and Genevieve Dorment (Intellectual Property); Rob Holo, Andrew Purcell and Michael Cardella (Tax); and Sinead O’Shea (Credit).
Lawyers:
• Michael J. Cardella
• Genevieve Dorment
• Robert E. Holo
• Jasmine Kaufman
• Iksoo Kim
• Alan M. Klein
• Lori E. Lesser
• Sinead O’Shea
• Jin-Hyuk Park
• Andrew B. Purcell
