Thomas H. Lee Partners to acquire CompuCom Systems Inc.

It was announced early last week by Thomas H. Lee Partners that an agreement has been made to acquire CompuCom Systems Inc., an IT company that is based in Dallas. No terms regarding the financial aspects of the deal were disclosed. However, it is has been learned that the sale price was around the range of 1.1 billion US Dollars.
Court Square Capital is managing 6 billion US Dollars of shareholder commitments. Court Square Capital Partners focuses on multiple industries that include: business services, health care, industrials, media and publishing, and technology and telecommunications.
Court Square Capital Partners has a very good reputation as a firm focused on leveraged buyout transactions, and they also have an outstanding success rate. This deal will prove to be a big return, and it will put them right back on the map. The company paid 504 million US Dollars to acquire CompuCom way back in 2007 from another private equity firm. Even though the exact multiple is not very clear, as Court Square likewise invested further capital to support the latter bolt-on acquisitions similar to the North American operations of Getronics NV.
CompuCom moreover represents the first fresh deal for the THL Partners since last June, while the firm led a 2.69 billion US Dollar recap for the party supplies retailer Party City Holdings. presuming that the 1.1 billion US Dollars for the CompuCom is no less compare to 40 percent equity, at that point THL is at this time, more than 80 percent committed onto its current fund — around 8.1 billion US Dollar vehicle. There were previous reports that the firm which is based in Boston, plans to start later this year in raising its next fund.
While Court Square Capital Partners were out fundraising for its latest fund, is stumbling on the sale of CompuCom. The company, based in PE is seeking 3 billion US Dollars for Court Square Capital Partners III LP. The fund had managed to gather 2.5 billion US Dollars as of January, according to an SEC filing. First Avenue is listed as a placement agent for the pool, as well as LarrainVial, of Santiago.
A press release that was published a month ago reported that CompuCom generated 2.3 billion US Dollars of gross revenue in 2012, and has over 11,500 well trained and dedicated employees worldwide.
Unfortunately, Officials for Court Square and CompuCom were unable to be reached for comment regarding the deal.
Jeffries and BMO Capital Markets advised THL, while Citigroup was giving financial advice to the CompuCom / Court Square. The deal team was led by Ed Wehle. The team included Ethan Zweig as well as Hugo Doetsch. The Gerrie Sinatra of the Dechert along along with Ken Young, also Adam Rosenthal and Ken Wang, Victoria Alff, also Edward Lemanowicz as well as Allyson Levy, who provided the legal advice to the Court Square / CompuCom. Weil, Gotshal along with Manges was the attorney for THL.