PSP's private debt affiliate to help fund ADT buyout by Apollo

PSP Investments Credit USA LLC, an affiliate of the Public Sector Pension Investment Board (PSP Investments), is participating in the debt financing of Apollo Global Management's proposed acquisition of The ADT Corp (NYSE: ADT). The buyout deal, announced this week at a value of about US$7 billion, is the largest so far this year, according to Reuters. Boca Raton, Florida-based ADT is a provider of security and automation solutions. Montréal-based PSP Investments launched its private debt affiliate under the leadership of David Scudellari last November.

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