Office Depot to buy THL-backed CompuCom for $1 bln

Office Depot Inc said late Oct. 3 that it agreed to buy CompuCom Systems Inc for about $1 billion. Thomas H. Lee Partners LP is the seller. THL will hold an 8 percent stake once the deal closes. CompuCom, of Plano, Texas, provides managed IT services to businesses with over 5.1 million unique end users. Goldman Sachs & Co LLC provided financial advice to Office Depot. Wachtell, Lipton, Rosen & Katz served as legal counsel. Weil Gotshal & Manges LLP is serving as legal counsel to CompuCom.

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