Deal Snapshot
TECH DATA AGREES TO USD 5.4BN GLOBAL MANAGEMENT BUYOUT
Friday 15 November 2019

US-based IT products and services distributor Tech Data (NASDAQ: TECD) has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of US-based alternative investment managerApollo Global Management, Inc. (NYSE: APO), the company said.
Through the agreement, the affiliate of the Apollo Funds will acquire all of the outstanding shares of Tech Data common stock for USD 130 per share in a transaction with an enterprise value of approximately USD 5.4bn.


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Details
Date Published: 15/11/2019
Target: Tech Data
Country: USA
Deal Size: 5.4bn (USD)
Sector: IT/Online Services
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Affiliate of funds managed by affiliates of Apollo Global Management
Buyer Advisor: Citi , J.P. Morgan , Wells Fargo , Wachtell, Lipton, Rosen and Katz , Paul, Weiss, Rifkind, Wharton and Garrison
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