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Fried Frank says it is advising ADT’s financial advisers on the Thrive Holdings sale
Fried Frank said it is advising Citi and Goldman Sachs as ADT’s financial advisers on ADT’s agreement to be acquired by Thrive Holdings. The firm said the transaction values ADT at approximately $7.6 billion in equity value and $15.3 billion in enterprise value.
Key points
- Fried Frank said the transaction was expected to close in the first quarter of 2027.Fried Frank
- The firm said ADT would form the foundation of Thrive’s smart home security business after closing.Fried Frank
- Fried Frank said partners Philip Richter and Roy Tannenbaum led its team.Fried Frank
- The firm identified associate Morgan Smith as another team member.Fried Frank