Thrive Holdings, the holding company set up by Joshua Kushner’s Thrive Capital, has agreed to buy ADT for $10 a share in cash. ADT sells home security systems in the US. The deal values ADT at about $7.6bn in equity and $15.3bn in enterprise value.

The price is a 45.6% premium to ADT’s close of $6.87 on 27 October, the companies said in a joint announcement on Thursday. ADT’s board approved it unanimously. ADT shares rose 34% on the news, The Information reported.

“ADT is pleased to enter into this transaction, which recognizes the value built by our more than 12,000 employees and delivers an attractive cash premium to our stockholders,” said Jim DeVries, ADT’s chairman and chief executive.

Apollo returns as the lender

Funds managed by affiliates of Apollo Global Management are providing all of the financing. Apollo is ADT’s former owner, Claire Rychlewski reported for Axios . It took ADT private in 2016 and brought it back to the New York Stock Exchange in 2018.…