Menu

Tech Data Apollo Merger Agreement
رحمة الله عليه(ها) Tech Data Apollo Merger Agreement

(212) 822-0678adai@apollo.com Tech Data Corporation was previously wholly owned by funds managed by subsidiaries of Apollo Global Management, Inc. (NYSE: APO) (the “Apollo Funds”) and their co-investors. Under the terms of the merger agreement, Apollo Funds received a total of 44 million common shares, or $1.1 billion net in cash, after Apollo maintained a $500 million equity contribution from Apollo and the refinancing of Tech Data`s net debt, and now owns approximately 45 percent of TD SYNNEX. “TD SYNNEX is uniquely positioned in today`s ever-changing technology ecosystem,” said Rich Hume, CEO of TD SYNNEX. Pursuant to the terms of the merger agreement, a related company of certain funds managed by Apollo related companies has acquired all of the outstanding common shares of Tech Data. . . .