Online platform provider ATTCo acquired by Tech Data
Our Corporate Finance team is pleased to have advised the shareholders of online platform provider ATTCo Global Services (ATTCo) on its successful sale to Tech Data, a TD SYNNEX company, part of the world’s largest IT distributor TD SYNNEX.
Buckingham-based ATTCo’s online platform is used to deliver Technology-as-a-Service (TaaS) subscriptions to IT manufacturers, distributors and resellers. The firm is now part of a global group with $59.8 billion revenues and more than 150,000 customers.
Our Corporate Finance team, led by Consultant Iain McKenzie, advised shareholders throughout the process. The team supported on the negotiation and deal structure, and achieved a substantial increase on the original offer while managing multiple shareholder complexities.
The deal comes after Iain had previously advised ATTCo on the acquisition of print software supplier EKM Global in 2018, alongside a simultaneous minority investment from Tech Data.
In this latest transaction Tech Data has acquired the remaining shares held by the founding ATTCo shareholders.
All of ATTCo’s 25 staff will join Tech Data.
The transaction will accelerate Tech Data’s ability to offer innovative and flexible TaaS and remote service automation enablement to its customers, including hardware, software and services subscriptions, as well as remotely managing print fleets at scale.
Colin Bosher, Chief Executive at ATTCo, said: “Iain’s incredibly professional advice was second to none in my experience.
“FRP has considerable expertise and experience in technology sector transactions and its organised, structured and process driven support meant this complex deal went without a hitch.”
Roman Rudolf, Vice President, Strategy and Services Endpoint Solutions (Europe), at Tech Data, said: “The ATTCo and EKM platforms will enable Tech Data partners to position themselves at the forefront of the fast-growing TaaS and managed print services markets. They bring unrivalled customer experience built on robust technology to cut through complexity and reduce time to market when developing service-based solutions.”
Iain McKenzie, FRP Corporate Finance Consultant, said: “This was a complex deal but one that will be transformational for ATTCo, accelerating its growth around the world.
“This is a fast-growing market and the two firms are a great fit. It has been a pleasure to be a small part of ATTCo’s success over the years and I am sure the business will only go from strength to strength as it enters this new phase.”
Selling a business
This was a complex deal but one that will be transformational for ATTCo, accelerating its growth around the world.Iain McKenzie, Corporate Finance