Ingram Micro $7.2 billion acquisition by Platinum Equity
Davis Polk advised Ingram Micro Inc. on its $7.2 billion acquisition by Platinum Equity from HNA Technology Co., Ltd, a part of HNA Group, which closed on July 2, 2021.
Founded in 1979 and headquartered in Irvine, California, Ingram Micro is an integral part of the technology and commerce ecosystems, helping its partners maximize the value of the technology that they make, sell or use. Founded in 1995 by Tom Gores, 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.
The Davis Polk corporate team included partners Alan F. Denenberg, Stephen Salmon and Howard Zhang, counsel Donald K. Lang and associates Beth LeBow, Sherry Tan and registered foreign lawyer Michael Zhuoran Xu. Partner David H. Schnabel and associate Liang Zhang provided tax advice. Partner Meyer C. Dworkin provided finance advice. Members of the Davis Polk team are based in the Northern California, Beijing, New York and Hong Kong offices.