Apollo Global Management LLC acquires ADT Corp.

On May 2, 2016, Apollo Global Management LLC (Apollo) completed its acquisition of ADT Corp., a leading provider of security and automation solutions in the United States and Canada, for US$6.93 billion. Apollo paid US$42 in cash for every ADT share and will merge the company with Protection 1, an Apollo portfolio company that provides installation, maintenance, and monitoring of security systems in the US. 

Apollo and Protection 1 were represented by Taurie Zeitzer, Daniel Mun, Daniel Evans (M&A), Greg Ezring,  Tracey Zaccone, Brad Finkelstein (finance), Brad Okun, Alyssa Wolpin (tax) of Paul, Weiss, Rifkind, Wharton & Garrison LLP; by Eric Rothenberg, Mike Antalics, and John Renneisen of O’Melveny & Myers LLP; and in Canada by Gordon Cameron, Kevin Custodio, and Laura Fraser (corporate/M&A), Luc Bernier and Éric Lévesque (tax), Stephanie Weschler and Stephanie Pasternyk (labour/employment), Marie-Claude David (real estate), Aiden Talai (pensions/benefits), Susan Hutton and Gina Demczuk (regulatory) of Stikeman Elliott LLP; and by Adam Fanaki, Elisa Kearney and Jim Dinning (competition) of Davies Ward Phillips & Vineberg LLP

ADT Corp. was represented in the US by Alan Klein, Anthony Vernace, Michael Holick and Gabriela Botifoll (M&A); Brian Gluck (banking and credit), Kenneth Wallach and Brian Rosenzweig (capital markets), Rob Holo, Sophie Staples, Michael Badain (tax), Greg Grogan, Patricia Adams and Nadine Mompremier (executive compensation and employee benefits), Lori Lesser and Genevieve Dorment (intellectual property), Peter Guryan, Ellen Frye and Richard Jamgochian (antitrust) and Adeeb Fadil and Noreen Lavan (environmental) of Simpson Thacher & Bartlett LLP; and in Canada by Michelle Lally and Kaeleigh Kuzma of Osler, Hoskin & Harcourt LLP.