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Tech Data CEO Rich Hume On The $5.4 Billion Deal That Will ‘Accelerate Our Future’

‘They have the ability to invest organically as well as acquisitively in Tech Data. So this is a scenario where we have the fortune of potentially being acquired by someone who has the opportunity to really accelerate our business moving forward,’ Tech Data CEO Rich Hume says of the deal to be acquired by Apollo Global Management.

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How does private equity help execute on those goals?

Obviously, in a public company you have thousands of investors and they have an expectation in terms of what you're going to do on a 90-day period, four times a year. As it relates to engaging with the private equity owner, you can have a longer-term view of what you want to accomplish and not get distracted by perhaps the requirements of a quarterly earnings call.

The second thing to make note of, and this is really important, is that Apollo has over $320 billion worth of assets under management. They have the ability to invest organically as well as acquisitively in Tech Data. So this is a scenario where we have the fortune of potentially being acquired by someone who has the opportunity to really accelerate our business moving forward.

 
 
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