Spotlight

An archive of past spotlight issues.

 

The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry. Here is an archive of past

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"The equity firms have a different way of looking at the channel. They will break the existing business models and create new ones."

Marty Wolf Interviewed on SYNNEX/Tech Data Merger Implications

martinwolf Managing Partner Marty Wolf was interviewed in SearchITChannel regarding the implications of SYNNEX’s (NYSE: SNX) $7.2 billion merger with Tech Data. Wolf explained that private equity will continue to play a major role in the IT distribution space with this merger coming on the heels of Platinum Equity’s acquisition of Ingram Micro.

 

“The equity firms have a different way of looking at the channel. They will break the existing business models and create new ones,” said Wolf, an IT M&A expert with involvement in more than 180 transactions.

 

The martinwolf Managing Partner points out the merger brings together two different business models, but SYNNEX has shown the ability to adapt since its beginnings.

 

“SYNNEX has been the most innovative of all distributors,” commented Wolf. “They were late into the market, caught up, created an innovative outsourcing model, and have a good track record of anticipating market needs and growing their business.”

 

Read Paul Korzeniowski’s full piece here. If you have questions about what this means for your business, contact Colin Riley (criley@martinwolf.com).

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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...