Platinum Equity To Acquire Ingram Micro For $7.2 Billion

December 23, 2020

Willkie acted as financing legal counsel for Platinum Equity.

On December 9, Platinum Equity announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world's largest provider of technology logistics services and solutions, from HNA Technology Co., Ltd, a part of HNA Group, in a transaction valued at $7.2 billion.

Founded in 1979, Ingram Micro helps its partners maximize the value of the technology that they make, sell or use by delivering a full spectrum of global technology and supply chain services to businesses around the world. With more than 35,000 employees and operations in 60 countries, the company serves more than 250,000 customers and partners with over 2,000 vendors, including the world's best-known technology companies. The company generated more than $47 billion in revenue for fiscal year 2019.

Founded in 1995, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.

The Willkie team was led by partners Cristopher Greer, Joshua Deason and Daniel Durschlag.