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
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
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