M&A Deal Summary

Apollo Global Management Acquires Tech Data

On November 13, 2019, asset manager Apollo Global Management acquired distribution company Tech Data for 5.4B USD

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Distribution sector.
  • This is Apollo Global Management’s 10th largest (disclosed) transaction.
  • This is Apollo Global Management’s 66th transaction in the United States.
  • This is Apollo Global Management’s 3rd transaction in Florida.
Investment Fate
  • Tech Data merged with another company in 2021 for 7.2B USD.

M&A Deal Summary

Date 2019-11-13
Target Tech Data
Sector Distribution
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 5.4B USD

Target

Tech Data

Clearwater, Florida, United States
Tech Data's corporate headquarters in Clearwater, Florida.
Tech Data's corporate headquarters in Clearwater, Florida.
Tech Data is a distributor of technology products, services, and solutions. Its advanced logistics capabilities and value-added services enable 125,000 resellers in more than 100 countries to support the technology needs of end-users. Tech Data was formed in 1974 and is based in Clearwater, Florida.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 92 of 151
Sector: Distribution M&A 1 of 3
Type: Going Private M&A Deals 22 of 31
State: Florida M&A 3 of 3
Country: United States M&A 66 of 108
Year: 2019 M&A 10 of 11
Size (of disclosed) 10 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-26 Endemol Shine Group

Amsterdam, Netherlands

Endemol Shine Group is an international television production and distribution group with 27 production companies across 11 countries creating scripted and non-scripted content in the global marketplace. Endemol Shine Group is based in Amsterdam, the Netherlands.

Sell $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Cox Media Group

Atlanta, Georgia, United States

Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. CMG provides valuable local content to viewers in the communities in which it serves. Cox Media Group's portfolio includes primary affiliates of ABC, CBS, FOX, NBC, and MyNetworkTV, as well as several valuable independent stations. Additionally, the company also offers a full suite of local and regional advertising services with Local Solutions. Cox Media Group is based in Atlanta, Georgia.

Buy -