On August 3, 2020, ADT Inc., a leading provider of security, automation and smart home solutions, announced that Google has agreed to purchase $450 million of ADT’s newly created Class B common stock in a private placement, subject to certain closing conditions. Google is making the PIPE (private investment in public equity) deal in connection with its entry into a strategic partnership with ADT through which Google’s Nest hardware will be combined with ADT’s security, professional installation, and monitoring service to create a fully integrated set of devices, software, and services.

The Wilson Sonsini Goodrich & Rosati team advising Google in the PIPE investment included Mike Nordtvedt, Victor Nilsson, and Dylan Peterson.

For more information, please see ADT’s press release.