Apollo Global Management (APO) Completes Tech Data (TECD) Acquisition

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Go back to Apollo Global Management (APO) Completes Tech Data (TECD) Acquisition

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

June 30, 2020 10:25 AM EDT

Tech Data Plans to Invest Approximately $750 Million in Digital Transformation Initiatives to Improve Channel Partner Experience

Strong Pro Forma Balance Sheet Gives Significant Financial Flexibility, Makes Tech Data One of the Lowest Levered Sponsor-Backed Companies

NEW YORK, June 30, 2020 (GLOBE NEWSWIRE) -- An affiliate of certain funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced completion of its acquisition of Tech Data Corporation (Nasdaq: TECD) (Tech... More