NEW YORK, April 8 Thomas H. Lee Partners said
Monday it is buying privately held IT outsourcing company
CompuCom Systems Inc for around $1.1 billion, a person close to
the matter said.
Dallas, Texas based CompuCom had been owned by Court Square
Capital Partners, a private equity firm that was spun out of
Citigroup Inc in 2006.
Financial terms of the transaction were not disclosed.
CompuCom touts Fortune 100 and 500 businesses as among its
clients, and had reported gross revenue of $2.3 billion in 2012.
Citigroup Global Markets Inc, JP Morgan, BMO Capital
Markets and Jefferies Finance LLC are providing committed
financing for the transaction.
BMO Capital Markets and Jefferies LLC provided financial
advice to THL and Citigroup Global is advisor to CompuCom and
The transaction is expected to close in the second quarter
of 2013, subject to regulatory approvals and the satisfaction of
other customary closing conditions.