The dark satanic rumour mill has manufactured a hell on earth yarn claiming that Ingram Micro’s owner is in “advanced talks” to sell a majority stake in the distributor.
A group of investors, led by Asian private equity firm RRJ Capital, is finalising a deal to acquire a majority stake in Ingram Micro for $4 billion investment.
The deal will be firmed up within a few days and will involve the investor injecting funds via an HNA convertible bond that will give it control of Ingram Micro.
HNA, which holds $230 billion in assets including hotels and logistics companies, acquired Ingram Micro for $6 billion in 2016.
RRJ Capital’s portfolio is significantly smaller than HNA’s, with just $11 billion worth of assets under its management.
In late December 2018, HNA admitted it was in “preliminary talks” to sell Ingram Micro, seeking $7.5 billion including $1.5 billion in debt. News outlets cited Apollo Global Management as a potential buyer at the time.
Ingram Micro has acquired Forcepoint, McAfee and F5 Networks distributor Abbakan, in a bid to become EMEA’s leading cybersecurity player.
