Private equity firm Thomas H. Lee Partners LP is buying CompuCom Systems Inc., a Dallas-based information technology (IT) services company.
The target provides IT infrastructure services, such as assessment, design, procurement and integration of land and wireless phone systems, as well as cloud computing services. . CompuCom had more than $2.3 billion in gross revenue in 2012. Financial terms of the deal were not disclosed, but reports indicate the price tag was around $1.1 billion.
New York private equity firm Court Square Capital Partners, which was spun out of Citigroup Inc. in 2006, is selling the target.
Boston-based Thomas H. Lee invests in consumer, healthcare, media, information services, plus business and financial services companies. The firm has raised about $20 billion in equity capital since its founding in 1974. Its investments include Aramark, ClearChannel and Intermedix.
Citigroup Global Markets Inc. J.P. Morgan, BMO Capital Markets and Jefferies Finance LLC are providing financing for the deal. MBO Capital and Jefferies acted as financial advisers to Thomas H. Lee, while Gotshal & Manges LLP acted as the firm’s legal counsel. Citigroup acted as CompuCom’s financial adviser, while Dechert LLP is providing legal advice.