Carlyle buys ADT Korea for $1.93bn - update

The global private equity firm agreed to acquire the Korean security business ADT Korea from Tyco for $1.93 billion in cash – the biggest buyout in the country since 2008.

Carlyle buys ADT Korea for $1.93bn - update

Carlyle said on Monday that it has agreed to pay $1.93 billion to buy South Korean security business ADT Korea from Tyco, the world’s largest pure-play fire protection and security firm.

The all-cash transaction is the largest private equity buyout deal in South Korea since 2008.

In the auction, which kicked off late last year, Carlyle beat out other private equity firms including Affinity, KKR, MBK and Bain, according to...

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