Apollo Global Management's $6 billion buyout of Tech Data appears on-track to close sometime in the first half of 2020.
Tech Data's go-shop period, which allowed the distributor to solicit additional takeover bids, expired on December 9. One rival bidder -- namely, Berkshire Hathaway -- emerged in late November. However, Apollo quickly countered that bid ahead of the U.S. Thanksgiving Holiday to secure its place as Tech Data's next owner.
The Apollo-Tech Data deal still needs various regulatory approvals, but those are expected to arrive by the first half of 2020.
Apollo Global Management: Technology Channel and MSP Experience
Apollo Global Management has extensive private equity experience in and around the technology sector — particularly as it pertains to MSPs (managed IT services providers) and IT consulting firms. The firm has owned cloud MSP Rackspace since 2016, and has also backed Presidio in the midmarket IT solutions provider sector.
