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Tag: RBC Capital Markets

Jim DeVries


ADT sells commercial business for $1.6 billion to private equity firm

August 8, 2023SSN Staff

BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...

ADT, ADT Commercial, Citi, Cravath, Swaine & Moore, David Donnini, GTCR, Jim DeVries, RBC Capital Markets

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On The Editor's Desk

What will Avigilon do with $69 million?

November 26, 2013Martha Entwistle

Avigilon now has $69 million (Canadian) at its disposal for “general purposes and strategic acquisitions.” The HD surveillance provider, which got into access control last May with the $17 million purchase of Red Cloud, today announced that it closed a $69 million bought deal equity financing. So what will Avigilon do with the funds? I called Avigilon this morning to ask about plans for the funds. In an email response Alexander Fernandes, Avigilon president and CEO said: "... we look...

Alexander Fernandes, Avigilon, BMO Capital Markets, Cantor Fitzgerald Canada Corporation, CIBC World Markets, GMP Securities, National Bank Financial, PI Financial, RBC Capital Markets, Red Cloud

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