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New Deal


Announced

Completed

SYNNEX completed the spin off into two listed companies worth c.$9.5bn.

Financials

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Transaction Value£7,267m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology distributor

technology supply chain

United States

Industrial Distribution

Friendly

assembly services

Spin Off

Majority

Public

Single Bidder

Domestic

Completed

Private Equity

Synopsis

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SYNNEX, a technological distributor, completed the spin off its business units into two publicly traded companies, SYNNEX Technology Solutions, an IT distribution, services, and integrated solutions company, and Concentrix, a CX solutions company. "We are pleased to announce the completion of the separation transaction and wish the Concentrix team well as an independent publicly traded company. I am excited for the future of SYNNEX and the ongoing value we expect to deliver to our vendors, customers, associates and shareholders," Dennis Polk, SYNNEX President, and CEO.

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