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5 Things To Know About Ingram Micro’s Acquisition By Platinum Equity

Ingram Micro -- the largest computer products distributor -- said Wednesday it will be acquired by seasoned technology investor Platinum Equity Partners for $7.2 billion. Here are five things you need to know about the blockbuster deal.

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Removes Financial Cloud Hanging Over Ingram Micro

The Platinum Equity deal removes the financial cloud hanging over Ingram Micro as a result of the financial troubles of previous owner HNA Group and its HNA Technology Co. subsidiary.

In April, HNA Group said via social media that it had “reached the point of life and death” due to the revenue impact from the coronavirus, according to the Financial Times.

“This is a big test for all HNA employees. Now HNA has reached the point of life and death,” it wrote in an unsigned letter posted to its official Chinese social media account that was translated by the Financial Times.

Ingram Micro said the Platinum Equity deal will provide it with “added flexibility and resources to accelerate growth and execute on strategic initiatives. The deal opens the door for Ingram Micro to leverage what it called Platinum Equity’s “industry experience, financial resources and global operating expertise.”

 
 
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