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January 24, 2026
Apollo Sells ADT Shares in $403 Million Secondary Public Offering

1 min
AI-made summary
- Paul, Weiss represented entities managed by affiliates of Apollo Global Management as selling stockholders in a $403 million secondary public offering of 56 million shares of ADT Inc
- common stock
- ADT repurchased 16 million shares from the underwriters under its existing share repurchase program
- Barclays Capital Inc., Citigroup Global Markets Inc., and BTIG, LLC served as representatives of the underwriters
- The Paul, Weiss team included several corporate and tax partners.
Paul, Weiss advised certain entities managed by affiliates of Apollo Global Management as the selling stockholders in a $403 million secondary public offering of 56 million shares of ADT Inc. common stock. ADT is a leading provider of smart home and small business security services. As part of the offering, ADT repurchased 16 million shares of common stock from the underwriters as part of the company’s existing share repurchase program. Barclays Capital Inc., Citigroup Global Markets Inc. and BTIG, LLC acted as representatives of the underwriters for the offering. The Paul, Weiss team was led by corporate partners Christodoulos Kaoutzanis and Ross Fieldston, and included partners Anastasia Peterson and Gregory Ezring, and tax partner Sohail Itani.
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The Sponsor
