M&A Deal Summary

TD SYNNEX Acquires The Minacs Group Pte

On July 11, 2016, TD SYNNEX acquired business services company The Minacs Group Pte from CX Partners and Capital Square Partners for 420M USD

Acquisition Highlights
  • This is TD SYNNEX’s 6th transaction in the Business Services sector.
  • This is TD SYNNEX’s 4th largest (disclosed) transaction.
  • This is TD SYNNEX’s 1st transaction in Canada.
  • This is TD SYNNEX’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-07-11
Target The Minacs Group Pte
Sector Business Services
Buyer(s) TD SYNNEX
Sellers(s) CX Partners
Capital Square Partners
Deal Type Add-on Acquisition
Deal Value 420M USD

Target

The Minacs Group Pte

Oshawa, Ontario, Canada
The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

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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 12 of 15
Sector (Business Services) 6 of 7
Type (Add-on Acquisition) 6 of 7
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 IBM - Customer Care Business Process Outsourcing Services

United States

IBM's Customer Care Business Process Outsourcing Services business includes contact centers, as well as specialized end-to-end processing for banks, insurers and healthcare clients.

Buy $505M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 WestconGroup

Johannesburg, South Africa

WestconGroup, Inc. (Westcon-Comstor) is a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking and Data Center. The company is transforming the technology supply chain through its capabilities in Cloud, Services and Global Deployment.

Buy -

Seller(S) 2

SELLER

CX Partners

New Delhi, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 625M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CX Partners is a private equity firm specializing in middle-market growth capital and special situations investments throughout India. CX Partners was founded 2009 and is based in New Delhi.

DEAL STATS #
Overall 2 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Ujjivan

Bengaluru, India

Ujjivan is the holding company of Ujjivan Small Finance Bank, which is focused on providing loan and savings products to the unserved and underserved population. Ujjivan serves over 3.5 million customers through its network of pan India branch network. Ujjivan was Incorporated in 2004 and is headquartered in Bengaluru, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Transaction Solutions International

New Delhi, India

Transaction Solutions International is a provider of outsourced management services for ATMs and Bill Payment kiosks, covering the entire spectrum from deployment to operations. Transaction Solutions International is based in New Delhi, India.

Sell -
SELLER

Capital Square Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Capital Square Partners is a private equity investment firm focused on the telecommunications, media & technology (TMT), healthcare, consumer, and business services sectors. The Firm targets opportunities throughout Southeast Asia and India and generally looks for businesses with cross border operations. Capital Square Partners was established in 2013 and is headquartered in Singapore.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 The Minacs Group Pte

Oshawa, Ontario, Canada

The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Encora

Scottsdale, Arizona, United States

Encora is a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies whose market position and growth are driven by proprietary software products. Encora is based in Scottsdale, Arizona.

Buy -
Mergr

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