Squire Patton Boggs has advised Westcon-Comstor, the global technology distributor specialising in providing cybersecurity, networking, data centre and cloud infrastructure solutions and the Datatec Group (JSE:DTC), on a strategic investment and financing arrangement with General Atlantic, a global investor.
The deal values Westcon-Comstor at $950m and introduces General Atlantic as a minority equity investor and long-term financing partner, supporting Westcon-Comstor’s continued expansion while maintaining majority ownership by Westcon’s parent company, Datatec, and ensuring continuity of leadership and strategy.
The Squire Patton Boggs team that advised Datatec and Westcon-Comstor was jointly led by Corporate partner Julian Ciecierski-Burns and Financial Services partner Ian Yeo, and included Ilze Vigo and Moneek Chahal from Financial Services, Tom Currie, Carl Alabi, Milena Bohn and Chante Morris from Corporate, David Nisbet from Tax and Francesco Liberatore and Sam Hare from Regulatory & Competition.
Westcon-Comstor is a global technology distributor specialising in cybersecurity, networking and hybrid cloud solutions. With a presence spanning more than 50 countries, it drives innovation by connecting technology from the world’s leading IT vendors with a channel of resellers, systems integrators and service providers. By combining data-driven intelligence, technical expertise and strong partnerships, Westcon-Comstor empowers channel partners to seize opportunities and achieve sustainable growth. It goes to market through three lines of business: Westcon, Comstor and Rebura.
Through the newly announced partnership, Westcon-Comstor will gain access to General Atlantic’s extensive global network and capital expertise, enhancing its ability to scale and capture new opportunities while preserving its existing operational model and market focus.
Ivan Dittrich, Datatec CFO, said, “This is a significant transaction for Westcon-Comstor which will unlock new opportunities for growth. Datatec, with 40 years of experience in this industry, will retain control while partnering with General Atlantic, one of the world’s leading providers of capital, as both a minority investor and lender to the business. We greatly appreciate the expert advice and keen support that Squire Patton Boggs provided in securing the partnership with General Atlantic.”
