SYNNEX’s $7.2 Billion Merger With Tech Data

Wachtell, Lipton, Rosen & Katz advised Tech Data and Apollo on the deal, while Pillsbury Winthrop Shaw Pittman advised SYNNEX.

SYNNEX Corporation (NYSE: SNX) and Tech Data have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately $7.2 billion, including net debt. The combined company, with approximately $57 billion in estimated pro forma annual revenues and a team of over 22,000 associates and colleagues, will provide customers and vendors with expansive reach across products, services, and geographies to accelerate technology adoption.

Tech Data connects the world with the power of technology.  Tech Data is ranked No. 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 11 straight years. Tech Data currently is wholly owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) and their co-investors. Apollo is a leading global investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo, among others. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in credit, private equity and real assets funds. 

Founded in 1980, SYNNEX Corporation is a Fortune 200 corporation and a leading provider of a comprehensive range of distribution, systems design, and integration services for the technology industry to a wide range of enterprises.

Wachtell, Lipton, Rosen & Katz advised Tech Data and Apollo with partners Andrew Nussbaum (Picture), Deborah Paul, Zachary Podolsky and Adam Shapiro.

Pillsbury Winthrop Shaw Pittman advised SYNNEX with a team led by Allison Leopold Tilley and Christina F. Pearson.

Involved fees earner: Allison Leopold Tilley – Pillsbury Winthrop Shaw Pittman LLP; Christina Pearson – Pillsbury Winthrop Shaw Pittman LLP; Andrew Nussbaum – Wachtell, Lipton, Rosen & Katz; Deborah Paul – Wachtell, Lipton, Rosen & Katz; Zachary Podolsky – Wachtell, Lipton, Rosen & Katz; Adam Shapiro – Wachtell, Lipton, Rosen & Katz;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP; Wachtell, Lipton, Rosen & Katz;

Clients: Apollo Global Management; Synnex Corp.; Tech Data;

Author: Martina Bellini