EX-99.1 2 rrd221629_250075.htm EXHIBIT rrd221629_250075.html
                                                                    Exhibit 99.1

Mr. Svider is associated with BC Partners, Inc., which acts as an advisor to (i)
BC European Capital VIII-1 to 12 (inclusive), each a United Kingdom limited
partnership ("Funds 1-12"); (ii) BC European Capital VIII-14 to 34 (inclusive),
each a United Kingdom limited partnership ("Funds 14-34" and together with Funds
1-12, the "CIE Investors"); (iii) BC European Capital VIII-35 SC to 39 SC
(inclusive), each a Societe Civiles organized under the laws of (the "LMBO
Investors" and together with the CIE Investors, the "Investors"); (iv) LMBO
Europe SAS, a Societe par actions simplifiee organized under the laws of France
("LMBO"); and (v) CIE Management II Limited, a limited corporation organized
under the laws of Guernsey, Channel Islands ("CIE"). BC Partners, Inc. has no
discretionary authority with respect to the investment decisions of any of the
foregoing entities.

CIE is the general partner of each of the CIE Investors and LMBO is Gerant as to
each of the LMBO Investors. BC Partners Holdings Limited, a limited corporation
organized under the laws of Guernsey, Channel Islands ("BCHL"), is the
controlling entity of each of (i) BC Partners, Inc.; (ii) CIE; and (iii) LMBO.
The Investors, CIE and LMBO may be deemed to be a "group" (within the meaning of
Section 13(d)(3) of the Securities Exchange Act) and, as such, may be deemed to
be beneficial owners of (y) 274,596 shares of 10% Series A Redeemable
Convertible Participating Perpetual Preferred Stock, par value $0.01 per share
and (z) 75,404 shares of 10% Series B Redeemable Conditional Convertible
Participating Perpetual Preferred Stock, par value $0.01 per share, of Office
Depot, Inc. (the "Issuer"), each Investor, however, disclaims beneficial
ownership with respect to the shares owned by each of the other Investors, CIE
and LMBO.

This Form 3 report does not include any securities of the Issuer that may be
deemed beneficially owned by the Investors, CIE or LMBO and Mr. Svider disclaims
beneficial ownership of all such securities. This report shall not be deemed an
admission that Mr. Svider is the beneficial owner of, or has any pecuniary
interest in, such securities for the purposes of Section 16 of the Securities
Exchange Act of 1934, as amended, or for any other purpose.