November 09, 2017
Weil advised CompuCom Systems, Inc., a market-leading provider of award-winning IT services, products and solutions, in its $1 billion sale to Office Depot, Inc., a supplier of office products and services. The combination represented a unique opportunity to bring world-class IT support services to all of Office Depot’s customers, particularly underserved small- and medium-sized businesses. Under the terms of the agreement, Office Depot acquired CompuCom from Thomas H. Lee Partners, L.P. for a total consideration of $1 billion, which included the repayment of CompuCom debt and issuance of new Office Depot shares. Following the transaction, Thomas H. Lee Partners holds an equity position in Office Depot of approximately 8% of total shares outstanding. The transaction closed November 09, 2017.
The Weil team that advised CompuCom Systems was led by Mergers & Acquisitions partner Michael Aiello and included Corporate partner Shayla Harlev and Corporate associates Peter Milligan, Lawrence Lee, Emily Willey and Joe Ferrari. The team also included Banking & Finance partner Andrew Yoon; Capital Markets partners Alexander Lynch and Heather Emmel; Public Company Advisory Group partners Howard Dicker and Adé Heyliger; Tax partner Marc Silberberg; Executive Compensation & Benefits partners Michael Nissan and Amy Rubin; Antitrust counsel Vadim Brusser; Banking & Finance associate Tom Hashagen; Tax associate Michael Rivkin; and Executive Compensation & Benefits associate Zahava Blumenthal.