Private equity firm Platinum Equity will acquire Ingram Micro from HNA Group in a $7.2 billion deal. Reuters first reported the news, citing the decision as part of a restructuring plan that sees HNA Group reducing its assets and eliminating liquidity risks. The acquisition is expected to be completed in early 2021.
Based in Irvine CA, Ingram Micro currently has 35,000 employees and operates in 60 countries. Ingram Micro’s headquarters will remain in Irvine CA, and its current CEO, Alain Monié, will continue to helm the company following the transaction.
Goldman Sachs and Morgan Stanley are serving as financial advisors to Platinum Equity, and J.P. Morgan is the financial advisor for Ingram Micro.
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