Platinum Equity Nears $7 Billion Deal for HNA’s Ingram Micro
- PE firm Platinum Equity to buy firm from Chinese conglomerate
- HNA Group continues to unwind global acquisition spree
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Debt-laden HNA Group Co. will sell Ingram Micro Inc. for about $7.2 billion, representing the biggest asset sale for a company that had one of the biggest corporate downfalls in Chinese history.
U.S. private equity firm Platinum Equity signed a definitive agreement to acquire the closely held technology distribution company from a Shanghai-listed HNA unit, according to a Wednesday statement that confirmed an earlier Bloomberg News report. The sale is expected to be completed by the first half of 2021.