Softcat agreed on 17 September to buy General Datatech from H.I.G. Capital for an enterprise value of $1.05bn. It is the largest acquisition in the UK company's history.
Market context
The deal marks a shift from Softcat's long record of organic growth. Softcat expects high-single to low-double digit EPS accretion in the first full year and leverage of about 1.3x at closing.
