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Behind The Scenes: A Timeline Of Apollo's Acquisition Of Tech Data

While Apollo Global Management beat Berkshire Hathaway's bid to acquire Tech Data, it was only one small part of an acquisition bid that started 20 months ago when Apollo talked to then-CEO Robert Dutkowsky about a possible investment in Tech Data.

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The Acquisition That Almost Wasn't

The planned acquisition of Tech Data by Apollo Global Management is likely to soon become a reality, with both sides in agreement and no other suitors for the Clearwater, Fla.-based distributor likely to appear.

The story actually started in March of 2018 when Apollo first reached out to Tech Data about investing in the company. It shortly thereafter upped the ante with an acquisition bid that languished for about a year before finally getting done. But finalizing the bid was not simple, especially after Warren Buffet's Berkshire Hathaway made a bid that almost derailed Apollo's plans.

The timeline of the acquisition, as outlined in a Dec. 12 Tech Data SEC filing, was long and involved, and showed how the wheels of the corporate financial and legal teams and the board of directors had to spin before the acquisition got final traction. But it's a fascinating read, with all the work involved behind the scene and the eventual interest of over 50 potential suitors.

Yes, you can read the SEC document, and search through all the legalize to find the timeline, and then search through all the legalize to get the details. Or you can turn the page and learn it all in 10 minutes.

 
 
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