| | One Penn Plaza, Suite 2832 New York, NY 10119 www.presidio.com For Immediate Release Presidio, Inc. Announces Completion of Acquisition by Affiliates of Funds Advised by BC Partners New York, NY– December 19, 2019 – Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers, today announced the completion of its acquisition by affiliates of funds advised by BC Partners in anall-cash transaction valued at approximately $2.2 billion, including Presidio’s net debt. The transaction, which was announced on August 14, 2019, was approved by Presidio’s stockholders on November 6, 2019. In connection with the closing of the transaction, the Company will be wholly owned by affiliates of funds advised by BC Partners and will continue to operate as Presidio, Inc. Presidio’s common stock will be delisted from the Nasdaq Global Select Market. Bob Cagnazzi, Chief Executive Officer of Presidio, said, “We are extremely excited to partner with BC Partners on Presidio’s next chapter. We believe our relationship with BC Partners will allow us to accelerate our growth, giving us the flexibility to provide our clients with the highest quality, optimal and innovative solutions for their complex and evolving IT needs, and at the same time providing our employees with an environment that continues to make Presidio a great place to work.” “Presidio is a world-class business led by an outstanding management team that consistently delivers for its partners and clients. We are excited to support the Company in its growth initiatives and strategic investment opportunities,” said Fahim Ahmed, partner at BC Partners. LionTree Advisors acted as financial advisor to Presidio, and Wachtell, Lipton, Rosen & Katz acted as its legal counsel. Citi, J.P. Morgan Securities LLC and RBC Capital Markets acted as financial advisors and Kirkland & Ellis LLP acted as legal counsel to BC Partners. ABOUT PRESIDIO Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design. By taking the time to deeply understand how our clients define success, we help them harness technology advances, simplify IT complexity and optimize their environments today while enabling |
