ADT’s $1.4 Billion Initial Public Offering

Simpson Thacher represented the underwriters, including joint bookrunning managers, Morgan Stanley & Co. LLC, Goldman Sachs & Co LLC, Barclays Capital Inc. and RBC Capital Markets, LLC, in connection with the initial public offering by ADT Inc. (“ADT”) of 105,000,000 shares of its common stock, which raised approximately $1.415 billion in net proceeds.

The initial public offering closed on January 23, 2018.

ADT is a leading provider of security and automation solutions in the United States and Canada for homes and businesses, people on-the-go and their network. Making security more accessible than ever before, and backed by 24/7 customer support, ADT delivers same-day service and live answer within seconds in customer operations, helping customers feel more safe and empowered. ADT is headquartered in Boca Raton, Florida and employs more than 18,000 people throughout North America.

The Simpson Thacher team for this transaction included Art Robinson, David Azarkh, Jean Park, Niyati Roy, Andrew Hwang and Remy Denner (Capital Markets); Greg Grogan, Patricia Adams and Adam Cohen (Executive Compensation and Employee Benefits); Brenda Hwang (Public Company Advisory Practice); Robert Holo, Sophie Staples and Jasmine Hay (Tax); Andrew Pagliughi (FINRA & Blue Sky); Adeeb Fadil (Environmental); and Lori Lesser and Cecillia Xie (IP). Joo Hyun Lee also provided valuable assistance.

 

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Jean Park – Simpson Thacher & Bartlett; Niyati Roy – Simpson Thacher & Bartlett; Andrew Hwang – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Brenda Hwang – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Adam Cohen – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Cecillia Xie – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Capital; Goldman, Sachs & Co.; Morgan Stanley; RBC Capital Markets;

 

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Author: Ambrogio Visconti