SK Telecom and Macquarie acquire security firm ADT Caps for $1.2b

SK Telecom and Macquarie acquire security firm ADT Caps for $1.2b

SK Telecom, South Korea’s largest wireless carrier, will acquire controlling stakes of local security firm ADT Caps, the company has announced. The company bought a 55 percent stake in Siren Holdings Korea, which owns 100 percent of ADT Caps, for 702 billion won, while investment banking firm Macquarie Group bought 45 percent for 574 billion won. The two bought the firm from Carlyle Group and the acquisition is expected to be completed in the third…

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