Category: News Room

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...

18 Mar 2021

martinwolf Promotes Walter Yoon to Senior Vice President

SCOTTSDALE, ARIZONA, March 18, 2021 — martinwolf M&A Advisors (martinwolf) today announces the promotion of Walter Yoon to Senior Vice President.   “Walter’s work ethic, expertise, and dedication have made him an invaluable member of the martinwolf team,” said Tim Mueller, President of martinwolf. “Walter has continually proven himself since his start with the firm...

03 Feb 2021

Jeff Bezos To Step Down as CEO, Replaced By Cloud Chief

News Update Amazon (NASDAQ:AMZN) CEO Jeff Bezos announced yesterday he was stepping down as CEO effective Q3 2021, to be replaced by Amazon Web Services CEO Andy Jassy. Bezos will remain Amazon’s largest shareholder and transition to an Executive Chairman role, where he will continue to be involved in important strategic decisions. Amazon also announced...

28 Jan 2021

martinwolf Acquires IT ExchangeNet

A note from martinwolf Founder Marty Wolf I’m very pleased to announce today a different kind of transaction: martinwolf has acquired IT ExchangeNet (ITX)! This combination creates a globally recognized provider of M&A advisory services for transactions spanning $5 to 500 million, with both companies each having more than 20 years of experience in the IT midmarket...

13 Jan 2021

martinwolf Celebrates 24 Years

Dear Clients, Partners, and Friends of martinwolf M&A Advisors, In 1997, gas was $1.22 a gallon in the US, Great Britain handed Hong Kong back to China, and the Dow was at less than 8,000. For me, on this date in 1997 I founded this firm. Almost a quarter century later — and after 180+ transactions,...

11 Jan 2021

Staples Announces Offer to Buy Office Depot

*Financial Information ($USD) Enterprise Value:         $2.1 Billion EV/LTM Revenue:       0.22x EV/LTM EBITDA:        3.76x Transaction Update Staples announced today that it sent the board of directors for Office Depot (Nasdaq: ODP) a proposal to acquire “100% of the issued and outstanding common stock,” a transaction that it expected...

07 Jan 2021

Atos SE Confirms Unsolicited Bid for DXC

Financial Information Not Disclosed Transaction Update French IT Services company Atos SE (XPAR:ATO) confirmed Thursday that it had made a bid to acquire US IT Services giant DXC (NYSE:DXC) Wednesday night. Valuation of the offer was not disclosed, but the offer was reported to be more than $10 billion including debt (DXC’s debt rose to...

09 Dec 2020

Platinum Equity to Acquire Ingram Micro

*Financial Information ($USD) Enterprise Value:         $7.2 Billion EV/FY19 Revenue:      0.15x Transaction Update Platinum Equity announced today that it entered into a definitive agreement to acquire Ingram Micro from current owner HNA Group in what is the largest asset disposal by a Chinese company to a non-Chinese buyer this year. Ingram...