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World s Largest Technology Products Distributor Sold to Private Equity Firm in $7.2 Billion Deal Share: Welcome to Thomas Insights every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. One of the world’s largest investment firms is making a splash in the technology products sector by buying the world’s largest distributor of computer and technology products. Platinum Equity announced on December 9 that it has reached an agreement to acquire Ingram Micro, a distributor of information technology products, in a deal valued at $7.2 billion. Platinum Equity is buying Irvine, California-based Ingram Micro from its parent company, China-based HNA Technology, which acquired the company in late 2016 in a $6 billion deal. ....
Platinum Equity Makes One of its Biggest Deals Ever Related Stories March 23, 2021 March 22, 2021 March 2, 2021 HNA Group Co. will sell Ingram Micro Inc. for about $7.2 billion, representing the biggest asset sale for a company that had one of the biggest corporate downfalls in Chinese history. Private equity firm Platinum Equity signed a definitive agreement to acquire the closely held technology distribution company from a Shanghai-listed HNA unit, according to a Wednesday statement that confirmed an earlier Bloomberg News report. The sale is expected to be completed by the first half of 2021. For HNA, which is now effectively controlled by the Hainan provincial government, the deal represents the biggest transaction in a deleveraging campaign that began about three years ago and resulted in tens of billions of dollars worth of asset sales. The Chinese conglomerate bought Ingram Micro in 2016 at a time it was paying top dollar for everythin ....