December 14, 2020

Beverly Hills-based Platinum Equity has announced plans to acquire Irvine-based Ingram Micro Inc. in a deal valued at $7.2 billion. The private equity giant will purchase Ingram — a major electronics distributor — from a subsidiary of Chinese aviation and shipping conglomerate HNA Group Co. Ltd. The deal is expected to close sometime in the first six months of 2021, according to Platinum Equity.

January 10, 2020

Beverly Hills-based private equity firm Platinum Equity has raised $10 billion for its latest flagship fund. The Platinum Equity Capital Partners V fund was oversubscribed, according to the company, surpassing its $8 billion target and hitting the $10 billion hard cap