Five Things To Know About The Three-Way Deal Between Ahead, Data Blue, and Sovereign Systems

In a three-way deal, two of private equity firm Court Square Capital Partner’s solution provider companies will join forces and then acquire a third company—creating a $1.3 billion solution provider juggernaut with massive Dell and enterprise cloud capabilities.

The deal, unveiled Friday, merges Chicago-based Ahead, which is No. 75 on the 2019 CRN Solution Provider 500, with Atlanta-based Data Blue, No. 96 on the same list. Both of those companies are owned by Court Square Capital Partners, which is now acquiring Atlanta-based Sovereign Systems, which comes in at No. 185 on the 2019 CRN Solution Provider 500.

The deal is expected to close in 60 days. Financial terms of the deal were not disclosed.

Martin Wolf, president of martinwolf M&A Advisors, one of the top channel investment advisory firms, said the newly formed company will be a “formidable presence” in the channel landscape.

Read the full article here.

previous post Back to Articles next post

15 Apr 2021

KKR to Acquire Ensono in $1.7 Billion Deal

Financial Information ($USD) Enterprise Value:    $1.7 Billion Transaction Details Global investment firm KKR & Co, Inc. (NYSE: KKR) is acquiring leading hybrid IT services provider Ensono from private equity firms Charlesbank Capital Partners and M/C Partners. While financials have not been disclosed, the transaction is valued at $1.7 billion inclusive of debt, according to Reuters....

12 Apr 2021

Microsoft Acquires Nuance in $19.7 Billion Deal

Financial Information ($USD) Enterprise Value: $19.7 Billion EV/LTM Revenue: 13.97x EV/LTM EBITDA: 89.55x   Transaction Details Microsoft (Nasdaq: MSFT) today announced that it will acquire Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance, a speech recognition and artificial intelligence company, will be acquired for $56.00 per share, approximately 23%...

22 Mar 2021

SYNNEX Announces Merger with Tech Data

SYNNEX Announces Merger with Tech Data   Financial Information ($USD) Enterprise Value: $7.2 Billion EV/LTM Revenue:  0.20x EV/LTM EBITDA: 9.50x   Transaction Details Leading distributor SYNNEX Corporation (NYSE: SNX) today announced that it will merge with fellow distributor, Tech Data, in a deal worth approximately $7.2 billion, including net debt. The deal creates a distribution...