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, Corporate counsel Matthew Goulding, 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.