Westcon-Comstor’s American Operations Acquired by Synnex in $800 Million Deal

Under the terms of the deal, Synnex will pay $130 million in cash and $500 million in stock for Westcon-Comstor, with an additional $200 million cash payment to be made if certain financial targets are achieved by the end of February 2018. Synnex will also take a minority interest in Westcon-Comstor operations outside of the U.S., buying 10 percent of those operations for $30 million with an option to double that within 12 months, reports Reuters.

The deal will add video meeting equipment, data security and wireless routers to Synnex’s portfolio, according to Reuters, and the company will also gain one of the world’s largest resellers of Cisco Systems products.

Silicon Valley Corporate partners Christina Pearson and Allison Leopold Tilley led the team representing Synnex in the transaction. The team also included Washington, DC International Trade partner Nancy Fischer, Silicon Valley Intellectual Property partner David Jakopin, Los Angeles Executive Compensation & Benefits partner Mark Jones, San Francisco Real Estate partner Glenn Snyder, Silicon Valley Tax partner Brian Wainwright,  Washington, DC Litigation senior counsel Chuca Meyer, Silicon Valley Corporate associate Julie Park, San Diego Litigation attorney Kate Nyce and Silicon Valley Intellectual Property attorney Paul Thomas.

Read more about the deal on Reuters.