M&A Deal Summary

Platinum Equity and Cohesive Capital Partners Acquire Ingram Micro

On December 9, 2020, private equity firms Platinum Equity and Cohesive Capital Partners acquired distribution company Ingram Micro from HNA Group for 7.2B USD

Acquisition Highlights
  • This is Platinum Equity’s 9th and Cohesive Capital Partners’ 1st transaction in the Distribution sector.
  • This is Platinum Equity’s and Cohesive Capital Partners’ largest (disclosed) transaction.
  • This is Platinum Equity’s 91st and Cohesive Capital Partners’ 20th transaction in the United States.
  • This is Platinum Equity’s 12th and Cohesive Capital Partners’ 3rd transaction in California.

M&A Deal Summary
Date 2020-12-09
Target Ingram Micro
Sector Distribution
Buyer(s) Platinum Equity
Cohesive Capital Partners
Sellers(s) HNA Group
Deal Type Divestiture
Deal Value 7.2B USD

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) 2

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 114 of 148
Sector (Distribution) 9 of 11
Type (Divestiture) 53 of 59
State (California) 12 of 17
Country (United States) 91 of 116
Year (2020) 8 of 8
Size (of disclosed) 1 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Custom Truck One Source

Kansas City, Missouri, United States

Custom Truck One Source is a provider of rental fleets and service networks. Custom Truck One Source inventory includes aerial devices, cranes, diggers, drills, and stringing gear, to blocks, aftermarket parts, tools, and accessories. Custom Truck One Sources was founded in 1988 is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Compart Systems Pte

Singapore, Singapore

Compart Systems Pte Ltd. is a provider of high-precision, machined metal components including valves, fittings, sensors, and related components, for semiconductor, medical equipment, and other industries. Compart Systems Pte Ltd. is based in Singapore.

Sell $398M
Buyer

Cohesive Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 385M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 21 of 32
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (California) 3 of 5
Country (United States) 20 of 30
Year (2020) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 MBS Highway

Holmdel, New Jersey, United States

MBS Highway is a mortgage technology solutions platform provides exclusive market insights and tools that mortgage industry professionals need to build trust and increase conversion with customers and referral partners. MBS Highway was founded in 2012 and is based in Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 CoreLogic

Irvine, California, United States

CoreLogic is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. CoreLogic was founded in 1894 and is based in Irvine, California.

Buy $6.0B

Seller(S) 1

SELLER

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 3 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 3
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 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.

Sell -
Mergr

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