Tech Data Corporation
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Tech Data Corporation - overview
Established
1974
Location
Clearwater, FL, US
Primary Industry
Hardware
About
Based in Florida, US, and founded in 1974 by Edward C. Raymund, Tech Data Corporation operates as an information technology equipment distributor that offers computers, mobile phones, printers, servers, cloud-based solutions, and other information technology infrastructure devices to corporate resellers, direct marketers, and retailers. In November 2020, Apollo Global Management agreed to acquire Tech Data Corporation in a public to private transaction for USD 5. 4 billion, or USD 130 per share.
In March 2021, Apollo Global Management agreed to combine its portfolio company, Tech Data Corporation, with SYNNEX Corporation in a transaction valued at USD 7. 2 billion. As part of the transaction Apollo global Management will receive 44 million shares of Synnex Corporation and redeemable preferred shares of USD 2. 7 billion.
The company operations are supported by over 14,000 employees worldwide. The product line of Tech Data provides includes laptops, desktops, servers, networking, components, audiovisual, security, mounting solutions, storage, accessories, print solutions, and software. The company also offers end-to-end services and solutions, including cloud, data analytics and IoT, security, mobility, and more for corporate resellers, direct marketers, and retailers. The company generated approximately USD 37 billion in sales in the fiscal year 2020.
Current Investors
TD SYNNEX
Primary Industry
Hardware
Sub Industries
Computer & Office Equipment Distributors, Computer & Related Peripherals, IT Infrastructure
Website
www.techdata.com
Verticals
Cloud Computing, IoT (Internet of Things)
Company Stage
Merged
Total Amount Raised
Subscriber access only
Tech Data Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | SYNNEX Corporation, Tech Data Corporation | - | ||||||||
| Add-on | Completed | Innovix Distribution Pte. Ltd. | - | ||||||||
| Public to Private | Completed | Tech Data Corporation | - | ||||||||
| Trade Sale | Completed | DLT Solutions, LLC | - |
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