Dechert Advises GIC Private Limited on Minority Investment in Pye-Barker

Dechert advised an affiliate of GIC Private Limited (GIC) on its minority investment in Pye-Barker Fire & Safety, together with a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), joining existing investors Leonard Green & Partners, L.P. (LGP) and Altas Partners (Altas).

The transaction closed in January 2025.

GIC is a leading global investment firm established in 1981 to secure Singapore's financial future, serving as manager of Singapore's foreign reserves.

Pye-Barker Fire & Safety is a leading privately-owned commercial fire protection and security alarm service provider in the United States. The Company’s service offerings include inspection, testing, maintenance, repair and installation of fire detection systems, fire alarms, fire extinguishers, fire suppression and sprinkler systems and security and monitoring services for businesses nationwide.

The team that advised GIC Private Limited was led by corporate partners Mark E. Thierfelder, Bernardo L. Piereck and Nick Marchica and included corporate counsel John E. Alessi and associates Nick Pullen, Marie Mast, Rachel Davies, Conor Shea, Rodrigo A. Rivera and Grace Canfield; tax partners Joshua Milgrim and David J. Passey along with associate Insung Kim; national security partner Hrishikesh N. Hari and associate Amy A. Jicha; and global finance partner Lindsay Flora.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.