HSBC completed the acquisition of a 24.13% stake in Redington from Synnex for $389m.

Synopsis

HSBC, a banking and financial services institution, completed the acquisition of a 24.13% stake in Redington, an information technology solutions provider, from Synnex, an IT design-to-distribution business process services company for $389m.

Principals

target

Redington

bidder

Hsbc Holdings

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Market Context

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Seller Team (1)

rajiv srivastava

Managing Director at REDINGTON LTD

Manager

target

Deal

£ 323 M

Total Value

Bidder Team (3)

surendra rosha

Co-CEO of APAC at HSBC HOLDINGS PLC

Manager

bidder

Deals

£ 642 M

Total Value

varoon chandra

Senior Partner at AZB & Partners

Lawyer

bidder

Deals

£ 1.18 B

Total Value

lionel d'almeida

Senior Partner at AZB & Partners

Lawyer

bidder

Deals

£ 1.62 B

Total Value

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