Cahill represented the underwriters in connection with the initial public offering of common stock by Ingram Micro Holding Corporation.
The offering made 18.6 million shares of common stock available at a public offering price of $22.00 per share, which raised approximately $409 million (excluding fees, discounts and commissions) and valued the company at over $5 billion. The offering consisted of 11,600,000 shares of common stock offered by Ingram Micro and 7,000,000 shares of common stock sold by an entity owned by Platinum Equity, as the selling stockholder. In addition, the underwriters have an option to purchase from the selling stockholder up to an additional 2.79 million shares of common stock solely to cover over-allotments.
Proceeds from the offering that are received by Ingram Micro are expected to be used to paydown a portion of the company's existing term loan credit facility.
Ingram Micro is a leading technology company for the global information technology ecosystem and a portfolio company of Platinum Equity.