Big but modest: Carlyle's ADT Caps $1.3 billion exit

In one of the biggest private equity exits out of Korea, Carlyle is selling the security solutions provider to SK Telecom and Macquarie for a relatively weak return on investment.

Big but modest: Carlyle's ADT Caps $1.3 billion exit

Carlyle is successfully exiting its investment in ADT Caps after three years in charge of the South Korean security services provider. The rate of return achieved, though, is relatively underwhelming.

In a joint statement on Tuesday, SK Telecom and Macquarie said they were buying ADT Caps for W1.28 trillion $1.2 billion.

Beating off competition from rival bidders CVC Capital Partners, Singapore’s GIC, and...

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