Davis Polk is advising Ingram Micro Inc. on its $7.2 billion acquisition by Platinum Equity from HNA Technology Co., Ltd, a part of HNA Group. The sale is expected to be completed by the first half of 2021, subject to HNA Technology shareholder and customary regulatory approvals.
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 includes partners Alan F. Denenberg, Stephen Salmon and Howard Zhang, associates Donald K. Lang, Beth LeBow and Sherry Tan and registered foreign lawyer Michael Zhuoran Xu. Partner David H. Schnabel and associate Liang Zhang are providing tax advice. Counsel Nicholas Spearing is providing antitrust and competition advice. Members of the Davis Polk team are based in the Northern California, Beijing, New York, Hong Kong and London offices.