J2 Acquisition completed the acquisition of APi Group for $2.9bn.

J2 Acquisition, a special purpose acquisition vehicle, completed the acquisition of APi Group, a provider of commercial life safety solutions and industrial specialty services, for $2.9bn. Current APi shareholders will receive approximately $2.05bn in cash and 28m ordinary shares in J2 and will own approximately 14.5% of the company at closing. "We believe APi is an excellent foundation for J2's initial investment and is solidly in line with our disciplined investment criteria. The Company demonstrates similar qualities to Jarden, in that it unlocks uncommon value from niche businesses and delivers a strong track record of consistent organic performance complemented by disciplined M&A. This Transaction meets our long established acquisition criteria with significant potential for short and long term value creation for our shareholders. We look forward to working with Russ Becker, the President and CEO of APi, whose leadership has positioned the Company for the strong growth opportunities ahead," Sir Martin E. Franklin, J2 Co-Founder.