News & Announcements

Weil Advises CompuCom Systems in its $1B Sale to Office Depot

Weil is advising 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 represents 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 will acquire CompuCom from Thomas H. Lee Partners, L.P. for a total consideration of approximately $1 billion, which includes the repayment of CompuCom debt and issuance of new Office Depot shares. Following the transaction, Thomas H. Lee Partners will hold an equity position in Office Depot of approximately 8% of total shares outstanding. The transaction is expected to close by the end of the year and is subject to customary closing conditions, including required regulatory approvals.

The Weil team advising CompuCom Systems is led by Corporate Chairman Michael Aiello and includes Corporate partner Shayla Harlev, Corporate counsel Matthew Goulding, and Corporate associates Peter Milligan, Lawrence Lee, Emily Willey and Joe Ferrari. The team also includes 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.