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Ingram Micro Finalizes $7.2B Acquisition By Platinum Equity, Unshackled From Chinese Ownership crn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com Daily Mail and Mail on Sunday newspapers.
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 ....