Apollo Sells TD SYNNEX Shares in $1.3 Billion Secondary Public Offering

Paul, Weiss represented certain entities managed by affiliates of Apollo Global Management, Inc., as the selling shareholders, in a $1.3 billion secondary public offering of 12,075,000 shares of TD SYNNEX Corporation common stock. TD SYNNEX is a leading global distributor and solutions aggregator for the IT ecosystem. J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Securities, Inc., and Mizuho Securities USA LLC acted as joint bookrunners and underwriters for the offering.

As part of the offering, TD SYNNEX repurchased 500,000 shares of common stock from the underwriters as part of the company’s existing share repurchase program.

The Paul, Weiss team was led by corporate partners Brian Janson and Christodoulos Kaoutzanis.