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Platinum Equity in Talks to Buy HNA’s Ingram for $7 Billion

  • The Chinese conglomerate HNA has been shedding assets
  • Deal would be among biggest ever for Tom Gores’ Platinum
Tom Gores
Tom GoresPhotographer: Gregory Shamus/Getty Images
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U.S. private equity firm Platinum Equity is in advanced talks to buy HNA Group Co.’s Ingram Micro Inc. in a deal that values the technology distributor at about $7 billion, including debt, according to people with knowledge of the matter.

Discussions are ongoing and talks could still fall apart, said one of the people, who asked to not be identified because the matter isn’t public. Ingram Micro has drawn interest from other suitors, one of the people said.