Office Depot, Inc.

Office Depot, Inc.

Office Depot, Inc.

Overview
Date Founded

1986

Headquarters

6600 NORTH MILITARY TRAIL, BOCA RATON, FL, 33496

Type of Company

Public

Employees (Worldwide)

44K

Industries

Equipment & Office Supplies
Consumer Services
Other Business & Consulting Services
Wholesale: Industrial Products & Manufacturing
Retail: Other
Retail: Appliances & Electronics
Internet Software & Services

Company Description

Office Depot, Inc. engages in the provision of office products, services, supplies, and technology solutions. It operates through the following segments: Retail, Business Solutions, and CompuCom. The Retail segment involves in selling merchandise through chain of office supply stores and offers products and services in the categories of supplies, technology, and furniture and other. The Business Solutions segment trades branded and private branded products and services and provides copy and print services. The CompuCom segment comprises procurement, installation, and managing the life cycle of hardware and software businesses; and offers information technology (IT) support services including remote help desk, data centers, and on-site IT professionals. The company was founded by F. Patrick Sher, Stephen Dougherty and Jack Kopkin in March 1986 and is headquartered in Boca Raton, FL.

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Executives & Employees

Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Information Officer

Executive Vice President & Chief Retail Officer

Chief Customer Officer & Executive Vice President

Secretary, Chief Legal & Administrative Officer

Senior Vice President & Chief Accounting Officer

Board of Directors

Office Depot, Inc.

Executive Vice President, General Counsel & Secretary at Hilton Worldwide Holdings, Inc.

Chief Executive Officer at Office Depot, Inc.

Former President & Chief Executive Officer at Alberto-Culver Company

Former Chief Executive Officer at Dunkin' Brands, Inc.

Former Chief Financial Officer at Mattel, Inc.

President at University of North Florida

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Office Depot, Inc.
Owners & Shareholders
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CCA is a multi-strategy, credit-focused, global value-oriented asset management firm that invests across a variety of asset classes, including bank debt, high yield, distressed and special situation securities, securitized assets, equities (including preferred and common stock), convertible arbitrage and risk arbitrage. They emphasizes bottom-up fundamental credit analysis and looks across the corporate capital structure, investing opportunistically across senior secured leveraged loans, high yield bonds, convertibles, equities and credit derivatives. Additionally, the firm looks beyond the traditional corporate markets to the structured finance space, where they invests in mortgage securities/derivatives, aircraft lease securitizations, CDOs/CLOs, distressed structured municipal bonds and other areas. Positions in other asset classes, such as foreign currencies and commodities, may be employed to a lesser extent as appropriate. Allocations across these asset classes will shift over time in response to evolving value propositions and risk/reward profiles.

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Fairpointe Capital manages equity portfolios for clients. The firm looks for companies with compelling business models, financial strength, experienced management, and attractive valuation. The Mid-Cap strategy employs a fundamental bottom-up, valuation-based process to select companies that they believe are inefficiently priced relative to their earnings growth outlook over the next three to five years. Fairpointe has a preference for companies with products or services that make their customers more efficient or profitable, and are critical to their customers' success. The Focused Equity strategy employs a disciplined, fundamental, bottom-up valuation-based approach to investing while seeking to select companies that are inefficiently priced relative to their fundamental value, earnings growth outlook and cash flow generationover the next three to five years. Security selection is based on identifying companies with a catalyst for change, strong or improving financial metrics and prior management success. Fairpointe primarily invests in domestic equities and ADRs. If fixed income exposure is required by the client, Fairpointe typically invests in bond funds, corporate bonds, and treasuries. ^

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DCP intends to use position level beta and individualized liquidity score to help manage risk. For long performing credit investments, extreme downside is estimated using a jump-to-default scenario that estimates the potential loss incurred if the performing issuer defaults on its obligations. For short performing credit investments, the loss is estimated using an extreme spread tightening scenario. The Firm will consider the maximum loss that it believes can result from each position and seeks to keep total portfolio exposure within acceptable levels.

Recent Transactions
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Platinum Equity Advisors LLC, Winc Australia Pty. Ltd. purchase Officemax Australia Ltd. from Office Depot, Inc.

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Office Depot, Inc. purchases CompuCom Systems, Inc. from Thomas H. Lee Partners LP

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Shanghai M&G Stationery, Inc., Shanghai Chengguang Colipu Office Supplies Co., Ltd. purchase Office Depot Network Technology Co., Ltd. from Office Depot, Inc.

Transaction Advisors
Accountant

Advised onOffice Depot, Inc. purchases Viking Office Products, Inc.

Investment Advisor

Advised onOffice Depot, Inc. purchases Guilbert SA from Kering

Investment Advisor

Advised onOffice Depot, Inc. purchases OfficeMax North America, Inc.

Associate

Advised onOffice Depot, Inc. purchases OfficeMax North America, Inc.

Associate

Advised onOffice Depot, Inc. purchases OfficeMax North America, Inc.

Associate

Advised onAURELIUS Equity Opportunities SE & Co. KGaA purchases Office Depot Europe BV from Office Depot, Inc.

Advisors & Consultants
Legal Advisor

Shareholder at Vedder Price P.C.

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Shareholder at Greenberg Traurig LLP

Clients

Keurig Dr Pepper, Inc. manufactures and markets non-alcoholic beverages. It operates through the following segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages and Coffee Systems. The Beverage concentrates segment is principally a brand ownership business where it manufactures and sells beverage concentrates in the U.S. and Canada. The Packaged Beverages segment is principally a brand ownership, manufacturing and distribution business. The Latin America Beverages segment participates mainly in the carbonated mineral water, flavored CSD, bottled water and vegetable juice categories, with particular strength in carbonated mineral water, vegetable juice categories and grapefruit flavored CSDs and The Coffee Systems segment is primarily a producer of single-serve brewing systems and specialty coffee in the U.S. and Canada. The company was founded in 2018 and is headquartered in the Burlington, Massachusetts.

Coupa Software, Inc. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company's business spend. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

The Chicago Lighthouse for People Who Are Blind operates as non profit organization to provide special services to blind people. It also provides blind or visually impaired students with braille and large print textbooks, as well as other learning materials. The company was founded in 1906 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2018
Market Capitalization
$1.23B
Total Enterprise Value
$2.3B
Earnings Per Share
$0.19
Revenue
$11B
Net Profit
$108M
EBITDA
$549M
EBITDAMargin
4.98%
Total Debt
$1.54B
Total Equity
$2.13B
Enterprise Value Sales
0.21x
Enterprise Value EBITDAOperating
4.19x
TEVNet Income
21.3x
Debt TEV
0.67x
Three Year Compounded Annual Growth Rate Of Revenue
-8.72%
Five Year Compounded Annual Growth Rate Of Revenue
-0.41%
Investments
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Centriq Technology, Inc. develops software platform which helps users to access user manuals, spare parts and maintenance alerts through their mobiles. It specializes in home performance, home automation, maintenance, repair and operations, home services, and home organization. The company was founded by Shubber Ali and James Sheppard in January 2015 and is headquartered in Mill Valley, CA.

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Cellmania, Inc. provides mobile ecosystems for mobile operators. It drives mobile ecosystems for mobile operators, infrastructure providers and content owners. The company was founded in 1999 by Ronjon Nag and is headquartered in Mountain View, CA.

Details Hidden

C9, Inc. develops on-demand business intelligence applications. The company was founded in 2007 by Scott Weiner, Ford Goodman and Chuck McMinn and is headquartered in San Mateo, CA.

Investors
Details Hidden

Founded in 1986 as one of the few truly pan-European buy-out investors, BC Partners has grown and evolved into a leader in buy-outs, principally investing in larger businesses in the region and selectively in North America through its established network of offices in London, Paris, Hamburg, Milan and New York. BC Partners continues to identify attractive investment opportunities by focusing on the best balance of risk and reward for its investors and is currently advising funds totalling over €12 billion. Since inception, BC Partners has completed 84 acquisitions with a total enterprise value of €87.2 billion and has delivered superior returns through economic cycles, demonstrating discipline in bull markets and an ability to invest in attractive opportunities amidst turbulence and recession.

Suppliers
HNI Corp. Furniture | Muscatine, IA

HNI Corp. is engaged in the manufacturing and trading of office furniture. It operates through two segments: Office Furniture and Hearth Products. The Office Furniture segment manufactures storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems. The Hearth Products segment develops and markets gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded by C. Maxwell Stanley, Clem Hanson and H. Wood Miller in 1944 and is headquartered in Muscatine, IA.

One Liberty Properties, Inc. Trusts & Funds | Great Neck, New York

One Liberty Properties, Inc. operates as a real estate investment trust. It acquires, owns, and manages a geographically diversified portfolio of retail, industrial, office, and other properties under long term leases. Its leases are net leases and ground leases, under which the tenant is responsible for real estate taxes, insurance and ordinary maintenance and repairs. One Liberty Properties was founded on December 20, 1982 and is headquartered in Great Neck, NY.

Saul Centers, Inc. Trusts & Funds | Bethesda, MD

Saul Centers, Inc. (NYSE: BFS) is a self-managed, self-administered equity real estate investment trust, formed in 1993 and headquartered in Bethesda, Maryland. Saul Centers operates and manages a real estate portfolio of 59 community and neighborhood shopping center and office properties totaling approximately 9.5 million square feet of leaseable area. Approximately 85 percent of our cash flow is generated from properties in the metropolitan Washington, D.C./Baltimore area. Saul Centers’ primary operating strategy is to continue its program of internal growth, renovations, and expansions of community and neighborhood shopping centers that primarily service the day-to-day necessities and services subsector of the overall retail market. Saul Centers plans to supplement its internal growth strategy through selective development of new properties and acquisitions of operating properties as appropriate opportunities arise

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Target Corp. Retail: Discount - MINNEAPOLIS, MINNESOTA

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Best Buy Co., Inc. Retail: Appliances & Electronics - Richfield, MN

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

Awards & Honors
Rank #196
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #196
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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