Carlyle to Sell South Korean Security Firm ADT Caps

9/13/17

Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country’s biggest M&A deal in two years, sources with knowledge of the matter said.

Carlyle has enlisted Morgan Stanley to help sell the business, two of the sources said, with another adding the sale process would be launched this year. The sources could not be named because details of the deal aren’t public.

Carlyle declined to comment, while Morgan Stanley had no immediate comment when contacted by Reuters. ADT Caps was not immediately available for comment after regular business hours.

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