M&A Deal Summary

HNA Group Acquires Ingram Micro

On February 17, 2016, HNA Group acquired distribution company Ingram Micro for 6.0B USD

Acquisition Highlights
  • This is HNA Group’s 1st transaction in the Distribution sector.
  • This is HNA Group’s largest (disclosed) transaction.
  • This is HNA Group’s 1st transaction in the United States.
  • This is HNA Group’s 1st transaction in California.
Investment Fate
  • Ingram Micro was divested to a consortium of buyers in 2020 for 7.2B USD.

M&A Deal Summary
Date 2016-02-17
Target Ingram Micro
Sector Distribution
Buyer(s) HNA Group
Deal Type Add-on Acquisition
Deal Value 6.0B USD
Advisor(s) Morgan Stanley (Financial)
Davis Polk & Wardwell (Legal)

Target

Ingram Micro

Irvine, California, United States
website
Entrance to Ingram Micro's corporate headquarters in Irvine, California.
Entrance to Ingram Micro's corporate headquarters in Irvine, California.
Ingram Micro is a wholesale technology distributor and a global provider of IT supply-chain, mobile device lifecycle services, and logistics solutions. Ingram Micro distributes and markets a large variety of technology and mobility products from companies such as Acer, Apple, Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, Samsung, Symantec, VMware, and others. Ingram Micro was founded in 1979 and is based in Irvine, California.

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Buyer(S) 1

Buyer

HNA Group

Haikou, China

website

Category Company
Founded 2000
Sector Diversified
Employees180,000
Revenue 25.0B USD (2014)
DESCRIPTION

HNA Group Co. Ltd. is a conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.

DEAL STATS #
Overall 2 of 5
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Swissport International AG

Opfikon, Switzerland

Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector.

Buy Fr.2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 gategroup

Zurich, Switzerland

gategroup is an independent provider of products, services, and solutions related to a passenger’s onboard experience. gategroup specializes in catering and hospitality, provisioning and logistics; and onboard products and services to companies that serve people on the move. gategroup was formed in 2008 and is based in Zurich, Switzerland.

Buy Fr.1.4B
Mergr

Product

Company

Legal