M&A Deal Summary

TD SYNNEX Acquires Tech Data

On March 22, 2021, TD SYNNEX acquired distribution company Tech Data from Apollo Global Management for 7.2B USD

Acquisition Highlights
  • This is TD SYNNEX’s 6th transaction in the Distribution sector.
  • This is TD SYNNEX’s largest (disclosed) transaction.
  • This is TD SYNNEX’s 11th transaction in the United States.
  • This is TD SYNNEX’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-03-22
Target Tech Data
Sector Distribution
Buyer(s) TD SYNNEX
Sellers(s) Apollo Global Management
Deal Type Merger
Deal Value 7.2B 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

TD SYNNEX

Fremont, California, United States

Category Company
Founded 1980
Sector Business Services
Employees22,000
Revenue 24.7B USD (2020)
DESCRIPTION
Entrance to SYNNEX's corporate headquarters in Fremont, California.
Entrance to SYNNEX's corporate headquarters in Fremont, California.

TD SYNNEX is a business process services company, servicing resellers, retailers and original equipment manufacturer. TD SYNNEX provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. TD SYNNEX was formed in 1980 and is based in Fremont, California.


DEAL STATS #
Overall 15 of 15
Sector (Distribution) 6 of 6
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 11 of 11
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Concentrix

Pittsford, New York, United States

Concentrix is a business services company that provides call center, database analysis and print on demand services to customers. Concentrix was founded in 1983 and is based in Pittsford, New York.

Sell -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B 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 51 of 67
Sector (Distribution) 1 of 1
Type (Merger) 7 of 8
State (Florida) 4 of 4
Country (United States) 39 of 51
Year (2021) 3 of 8
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 TD SYNNEX

Fremont, California, United States

TD SYNNEX is a business process services company, servicing resellers, retailers and original equipment manufacturer. TD SYNNEX provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. TD SYNNEX was formed in 1980 and is based in Fremont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 DoublePoint Energy

Fort Worth, Texas, United States

DoublePoint Energy is an upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. DoublePoint Energy is based in Fort Worth, Texas.

Sell $6.4B