May 29, 2017 2:24 AM ET

Electronic Equipment, Instruments and Components

Company Overview of SED International, Inc.

Company Overview

SED International, Inc. distributes technology solutions. The company provides computer hardware, wireless communications, consumer electronics, and e-business solutions to channel partners throughout the United States and Latin America. The company offers computer hardware including cables, adapters, controllers, cases, power supplies, barebones, input devices, memory, motherboards, processors, sound and video cards, software, storage drives, displays, projectors, media products, networking products, PC cameras, power protection products, printers, scanners, and speakers, as well as desktops, notebooks, and servers. The company also offers consumer electronics, such as digital cameras, disp...

3505 Newpoint Place

Suite 450

Lawrenceville, GA 30043

United States

Founded in 1980

Phone:

770-243-1200

Fax:

800-329-2733

Key Executives for SED International, Inc.

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

SED International, 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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 16, 2016
SED International de Colombia, S.A.S.
Bankruptcy
September 9, 2016
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