February 27, 2017 2:25 PM ET

Electronic Equipment, Instruments and Components

Company Overview of SED International Holdings, Inc.

Company Overview

SED International Holdings, Inc., together with its subsidiaries, distributes information technology (IT) products and solutions, computer systems, and mobility devices in the United States, Latin America, and the Caribbean. The company primarily offers complete notebook and desktop systems, peripherals and accessories, and components, as well as software and related services. It also provides fulfillment services to e-commerce customers and other resellers; IT product procurement services; and system integration and configuration services. The company sells its products through a sales force and Website to reseller customers in retail, e-commerce, value added resellers, system builders, ori...

2150 Cedars Road

Suite 200

Lawrenceville, GA 30043

United States

Founded in 1980

327 Employees

Phone:

770-243-1200

Fax:

404-795-0686

Key Executives for SED International Holdings, Inc.

SED International Holdings, Inc. does not have any Key Executives recorded.

SED International Holdings, Inc. Key Developments

Bidding Procedure Approved for SED International Holdings, Inc.

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of the subsidiary of SED International Holdings, Inc. on December 16, 2016. The Court approved the asset purchase agreement between the debtor and Ark Investments, LLC, the stalking horse bidder, for the sale of its subsidiary for a purchase price of $0.60 million in cash. The debtor’s assets include all the shares of SED International de Colombia, S.A.S. Under the proposed bidding procedures, to qualify as a qualified bidder, interested parties should submit their bids by February 17, 2017. The initial minimum overbid should be at least of $0.65 million. The debtor has scheduled an auction on February 21, 2017. Buyer will be entitled to the expense reimbursement of up to $0.03 million upon termination of the agreement. Sale hearing is scheduled for February 23, 2017. Transaction is expected to close on or before February 28, 2017.

Motion for Asset Sale Filed by SED International Holdings, Inc.

SED International Holdings, Inc. filed a motion in the US Bankruptcy Court seeking approval for the sale of substantially all the shares of its subsidiary on December 7, 2016. As per the motion, debtor seeks to sell substantially all the shares of SED International de Colombia, S.A.S. to Ark Investments, LLC for $0.60 million, as per the agreement dated December 6, 2016. Buyer has deposited $0.06 million as earnest money deposit. Under the proposed bidding procedures, to qualify as a qualified bidder, interested parties should submit their bids by February 17, 2017. The initial minimum overbid should be at least of $0.65 million. The debtor has scheduled an auction on February 21, 2017. Buyer will be entitled to the expense reimbursement of up to $0.03 million upon termination of the agreement. Sale hearing is scheduled for February 23, 2017. Transaction is expected to close on or before February 28, 2017.

SED International Holdings, Inc. Appoints Carla Giussani as Vice President and General Manager of SED Colombia

SED International Holdings, Inc. announced that Carla Giussani has been appointed as the Vice-President and General Manager of SED Colombia. Ms. Giussani is a senior executive with over 20 years executive experience in multinational organizations. Prior to joining SED, Ms. Giussani was the Manager for the Colombia and Ecuador Division of Anixter Colombia.

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Recent Private Companies Transactions

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