Thursday, March 7, 2013

Reuters: Technology News: Exclusive: CDW owners plan IPO after $7.3 billion buyout - sources

Reuters: Technology News
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Exclusive: CDW owners plan IPO after $7.3 billion buyout - sources
Mar 8th 2013, 00:24

By Olivia Oran and Soyoung Kim

NEW YORK | Thu Mar 7, 2013 7:24pm EST

NEW YORK (Reuters) - Technology products retailer CDW, which was taken private by Madison Dearborn Partners LLC and Providence Equity Partners for $7.3 billion in 2007, has hired banks for an initial public offering later this year, people familiar with the matter said.

CDW, which sells products from companies including Apple, Hewlett-Packard and International Business Machine online and through its catalog, has hired JPMorgan Chase & Co, Barclays PLC and Goldman Sachs Group to lead the offering, the people said on Thursday.

The proposed IPO could raise about $750 million, one of the people said, asking not to be named because the plan is not public.

CDW and Goldman Sachs did not immediately respond to requests for comment. Barclays, JPMorgan, Providence and Madison Dearborn declined comment.

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