M&A Report Apollo Acquires Tech Data Corp March 30th, 2020 Apollo Global Management Author Information Acquires Tech Data Corp Name: Kristian Robertson On July 1st 2020, Apollo Global Management announced Email:
[email protected] the completion of their acquisition of Tech Data Corporation, one of the world’s largest tech distributors, in Name: Samuel Pennanen an all-cash transaction valued at approximately $6.05 Email:
[email protected] billion. This included a $3.75 billion equity investment made by Apollo. With approximately 2.5x leverage, Tech Data is one of the highest credit quality, lowest levered sponsor- backed companies. As per the terms of the agreement, Tech Data’s shareholders received $145.00 for each share owned. 1 Investor Base by Type Apollo Global Management Business EnDowment/ FounDation FunDs of FunDs / Consultant Overview Corporate Pension Hi gh Ne t Worth/Chart/Table R etail Others Established in 1990, Apollo Global Management or “Apollo” Soverign/ Governmental Finance/ Insurance Company is one of the world’s largest alternative investment Public pension plan managers. Apollo’s longstanding CEO Leon Black has 0% 5% 10% 15% 20% 25% 30% recently stepped down from his role, with cofounder Marc Investor Base By Geography Rowan taking over as CEO. 70% 60% Apollo manages capital for hundreds of fund investors 50% around the world, including some of the most sophisticated 40% Chart/Table 30% institutional allocators of capital. Apollo also invests in nine 20% 10% core industry sectors (Including technology) and are known 0% for their willingness to pursue complex transactions and North Eur ope Middle Eas t As ia Aus tr al ia Latin Am eric a Am eric a experience in investing during periods of uncertainty.