Simpson Thacher represented Morgan Stanley & Co. LLC, as underwriter, in connection with a secondary offering by certain affiliates of Technology Crossover Ventures (the “Selling Stockholder”) of 5,616,451 shares of common stock of Alarm.com Holdings, Inc. (“Alarm.com”), representing all of the remaining shares of Alarm.com common stock held by affiliates of the Selling Stockholder. The Selling Stockholder received approximately $265 million in proceeds before expenses from the offering.
Alarm.com is a leading platform solution for the intelligently connected property. Alarm.com offers a comprehensive suite of cloud-based solutions for smart residential and commercial properties, including interactive security, video monitoring, intelligent automation, energy management and wellness solutions.
The Simpson Thacher team for this transaction included Daniel Webb, Kelli Schultz, Sangitha Palaniappa, Jacob Gindt and William Perrone (Capital Markets); Jennie Getsin (Blue Sky and FINRA); Jonathan Sanders (Privacy and Cybersecurity); and Jeffrey Ostrow and Corina McIntyre (Intellectual Property).