Deal Details

APi Completes $416.3 Million Follow-On Offering

Technology & Services

APi follow-on offering

Summary

APi Group Corporation (“APi” or the “Company”) (NYSE: APG) recently completed an upsized secondary public offering of APi common stock (the “Offering”) on behalf of Blackstone Inc. (“Blackstone”) and Viking Global Investors LP (“Viking”) (collectively the “Selling Stockholders”). The aggregate size of the Offering was 12,154,471 shares of common stock, including 1,585,365 shares sold pursuant to full exercise of the underwriters’ option to purchase additional shares from the Selling Stockholders at a price of $34.25 per share. APi did not receive any proceeds from the Offering.

Baird served as a bookrunner on this Offering.

About

APi is a global, market-leading business services provider of life safety, security and specialty services with a substantial recurring revenue base and over 500 locations worldwide. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. APi has a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for its customers. APi is headquartered in New Brighton, Minnesota.

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which they invest. Their more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Blackstone is headquartered in New York, New York.

Founded in 1999, Viking is a global investment firm that manages over $46 billion of capital for its investors. Viking is registered as an investment advisor with the U.S. Securities and Exchange Commission. With offices in New York, Hong Kong, London and San Francisco, Viking is headquartered in Stamford, Connecticut.

Technology & Services

APi follow-on offering