PE firms in the hunt for Tyco's Korea business - report
KKR, Bain Capital and CVC Capital Partners are reportedly among the preliminary bidders for the South Korean unit of US-based security systems specialist Tyco International. The unit is known as ADT Caps.
According to Reuters, Affinity Equity Partners and MBK Partners are also in the running for the asset, which is expected to fetch $1.6 billion, based on a valuation of 10x EBITDA for the year ended September...
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