Media Coverage 06.06.17
Media Coverage
Source: Reuters, The Deal, Law360
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
06.29.18
A team of Pillsbury lawyers represented business process services company Synnex Corporation in its $2.43 billion cash-and-stock deal to acquire call center operator Convergys Corporation to expand its footprint in technology and information services. The deal, which separately includes a financing package consisting of a $3.57 billion bridge term loan facility for which Pillsbury also serves as counsel to Synnex, is expected to close by the end of 2018. As a part of the definitive agreement, Synnex will integrate Convergys with Concentrix, a wholly-owned subsidiary and top global provider of customer engagement CRM BPO services.
Fremont, California-based Synnex, which operates in more than 30 countries, said it expects the deal to add to its adjusted earnings per share in the first year, reaching double-digits by the second year. The company expects cost savings of $50 million in the first year, achieving a minimum of $150 million by the third year.
The Pillsbury team representing Synnex included Allison Leopold Tilley, Christina Pearson, Stan Wong, Gabriella Lombardi, Julie Park, Omar Bailony, Philip Tendler, Andrew Taggart, Mike Sibarium, Jeetander Dulani, Evan Storm, Mark Jones, Howard Clemons, and Nora Burke.