Johnson Controls (JCI) is kicking off the sale process of its ADT alarms business, which could be worth about $2B in a deal, Bloomberg’s Dinesh Nair, Swetha Gopinath, and Kiel Porter report, citing people familiar with the matter. The company is working with Citigroup (C) to gauge interest from potential buyers of the unit, said the people. Advent International, Bain Capital, CVC Capital Partners and Triton are among the buyout firms that are studying the asset, the people said.
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