KKR, Bain among bidders for Tyco's S.Korea unit - Reuters

KKR and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, writes Reuters. A sale of ADT Caps, would follow Bain's $3.4 billion purchase of European security firm Securitas Direct in 2011 and Blackstone Group's acquisition of U.S. firm Vivint Inc for more than $2 billion last year.

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