CDW Corporation (NasdaqGS:CDW) acquired the remaining 65% stake in Kelway Limited for approximately $420 million in cash and stock on August 1, 2015. Under the terms, consideration $285.5 million will be paid in cash and 1.6 million shares will be issued worth $57 million before transaction fees and expenses and will also consolidate $80 million of Kelway Limited net debt. The shares of CDW common stock issued to the sellers are subject to a three-year lock up restriction from August 1, 2015. Transaction expected to be earning accretive in second half of 2015. As on August 14, 2015, an follow-on equity offering in the amount of over $100 million was made in connection with the transaction. Philip Taylor, James West, Daryl Cue, Caspar Fox, Jeremy Glover and Nicole Abbott of Reed Smith LLP acted as legal advisors for Kelway Limited. Kirkland & Ellis LLP acted as legal advisors for CDW Corporation. William Blair International Limited acted as financial advisor to Kelway.

CDW Corporation (NasdaqGS:CDW) completed the acquisition of the remaining 65% stake in Kelway Limited on August 1, 2015.