February 17, 2016
Weil is representing HNA Group in Ingram Micro Inc.’s and Tianjin Tianhai Investment Company, Ltd.’s definitive merger agreement under which Tianjin Tianhai will acquire Ingram Micro. Following the close of the transaction, expected in the second half of 2016, Ingram Micro will become a part of HNA Group, the largest shareholder of Tianjin Tianhai. The all-cash transaction is estimated to have an equity value of approximately $6 billion.
HNA Group is a Hainan-based Fortune Global 500 enterprise group and a leader in aviation, tourism and logistics. Ingram Micro is a leading distributor and global provider of IT products and services, and is expected to remain headquartered in Irvine, California.
Weil recently represented HNA Group in its acquisition of Swissport from PAI Partners, which closed in February 2016.
The cross-border, cross-practice Weil team based in Asia, Europe and the United States includes Asia Managing Partner Akiko Mikumo and Corporate partner Charles Ching; Antitrust partner Doug Nave; Environmental Transactions partner Annemargaret Connolly; Executive Compensation & Benefits partner Paul Wessel; International Arbitration & Trade partner Ted Posner; Real Estate partner David Herman; Technology & IP Transactions partner Jeffrey Osterman; Corporate counsel U-Hyeon Kwon and Chris Welty; Environmental Transactions counsel Thomas Goslin; White Collar Defense, Regulatory and Investigations counsel Adam Safwat; Corporate associates Jeremiah Phillips and Kevin Wang; legal consultant Shujie Zhang; Antitrust associate Neil Rigby; Executive Compensation & Benefits associate Zahava Blumenthal; International Arbitration & Trade associate Tim Welch; Real Estate attorney Leslie Smith; Tax associate William Dong; Technology & IP Transactions associates Claudia Hoeben and Mary Lentowski; and associate Cecile Farmer (not yet admitted to practice).