April 20, 2018 5:11 PM 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

Liquidation Plan and Disclosure Statement Filed by SED International Holdings, Inc.

SED International Holdings, Inc., filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on March 19, 2018. As per the plan filed, Administrative Claims of $0.18 million, Priority Tax Claims of $0.09 million, Priority Claims of $400.00 and Secured Claims of $0.02 million shall be paid in full in cash. Unsecured Claims of $11.8 million shall receive a recovery of 9% in cash. Convenience Class Claim of $0.06 million shall receive a recovery of 5%. Equity Interest Holders shall not receive any distribution under the plan and all equity interest will be cancelled on the effective date. The plan shall be funded from debtor’s cash in hand and assets sale.

Motion for Asset Sale Approved for SED International Holdings, Inc.

The US Bankruptcy Court gave an order approving the sale of the subsidiary of SED International Holdings, Inc. on February 24, 2017. The debtor has been authorized to sell all the shares of subsidiary SED International de Colombia, S.A.S to Purplish Flower Riverside Inc. for a purchase price of $1.2 million.

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

SED International Holdings, Inc. filed a motion in the US Bankruptcy Court for the sale of its subsidiary SED International de Colombia, S.A.S and cancellation of auction on February 21, 2017. The debtor seeks the Court’s approval for the sale of all shares of its subsidiary SED International de Colombia, S.A.S to Purplish Flower for a gross sale price of $1.2 million. As per the motion Debtors received only one competing offer for the Shares. That offer, from Purplish Flower, was for a gross sale price of $1.2 million or twice the purchase price set forth in the Ark Agreement. The Purplish Flower Agreement was submitted with the understanding that the Debtors would cancel the proposed Auction and seek the approval of the Purplish Flower Agreement as a private sale.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 10, 2017
SED International de Colombia, S.A.S.
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