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.
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); 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.