Davis Polk advised Ingram Micro Inc. on the completion of its $6 billion all-cash acquisition by Tianjin Tianhai Investment Company, Ltd., a part of HNA Group, which closed on December 5, 2016. The acquisition was subject to regulatory approvals in various jurisdictions, including China, as well as the approval of Ingram Micro’s and Tianjin Tianhai’s stockholders and the satisfaction of other customary closing conditions. The transaction was also reviewed by the Committee on Foreign Investment in the United States (CFIUS).

Ingram Micro delivers a full spectrum of global technology and supply chain services to businesses around the world. Tianjin Tianhai, a Shanghai Stock Exchange traded company, has grown from a traditional marine shipping company into a modern logistics company with investments and operations across a range of market segments, including logistics, supply chain management and financial services. HNA Group is a global Fortune 500 company focused on Tourism, Logistics and Financial Services, and is Tianjin Tianhai’s largest shareholder.

The Davis Polk corporate team included partners Alan F. Denenberg and Stephen Salmon and associates Jason Bassetti and Ingrid L. Perez. Partner Rachel D. Kleinberg provided tax advice. Counsel Cynthia Akard provided executive compensation advice. Partner John B. Reynolds III provided CFIUS advice. Partner Arthur J. Burke and counsel Mary K. Marks provided antitrust and competition advice. Partner Meyer C. Dworkin provided credit advice. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.

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