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Platinum Equity to Acquire Pattonair

Acquisition of UK-based aerospace and defense business expands Platinum Equity’s European portfolio and underscores continued commitment to investing in the region  LONDON (August 21, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire global aerospace and defense supply chain provider Pattonair from Exponent Private Equity.  Financial terms of the transaction were not disclosed. The transaction is expected to close during the fourth quarter of 2017. Headquartered in Derby, UK, Pattonair is a leading global supply chain provider boasting a 40-year legacy of excellence and innovation in the sector. The company supports blue chip engine and airframe manufacturers and MRO customers with tailored supply chain management solutions. It offers a global service though dedicated facilities in Singapore, China, Poland, Brazil, Canada and five cities in the United States. “Pattonair is a well-respected business with a proven management team and strong long-term customer relationships,” said Platinum Equity Partner Louis Samson.  “We share the company’s commitment to exceptional customer service and look forward to partnering with Wayne and Pattonair’s leadership team to pursue additional growth, both organically and through prospective add-on acquisitions.” Pattonair CEO Wayne Hollinshead said Pattonair and Platinum Equity are a great fit. “This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity,” said Mr. Hollinshead.  “Platinum has exceptional operational and M&A capabilities, a strong presence in Europe and a track record of helping portfolio companies reach their full potential.” “We have the capital base and the depth of experience to continue growing our European portfolio and will remain very active in this market,” said Platinum Equity Partner Louis Samson Pattonair represents Platinum Equity’s latest European investment, joining Exterion Media, Worldwide Flight Services, Terratest, and Ecka Granules in the firm’s global portfolio of operating companies. Mr. Samson said Europe is an important focus for Platinum Equity as it continues deploying its most recent fund, Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. “We have more than 20 years of experience in Europe, a dedicated team in London and our portfolio companies employ more than 16,000 people in the region,” said Mr. Samson.  “We have the capital base and the depth of experience to continue growing our European portfolio and will remain very active in this market.” Rothschild & Co. is acting as financial advisor and Latham and Watkins is acting as legal counsel to Platinum Equity on the acquisition of Pattonair.  Deutsche Bank will lead a US dollar bond offering in connection with the transaction. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions.

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Platinum Equity to Acquire Pattonair

Staples ANZ breaks out of the pack with new company name, identity and significant transformation investment.

SYDNEY, AUSTRALIA (August 7, 2017) – Today Staples Australia & New Zealand announced a new challenger brand, identity and transformation plan to the market. This announcement comes after Platinum Equity purchased the Australia and New Zealand business from Staples Inc earlier this year. The company serves over 26,000 customers in industries across Australia and New Zealand including some of the countries’ largest financial institutions, telcos, healthcare providers and universities. The new name, Winc, a creative take on “work incorporated” is a deliberate breakaway from traditional competitors and represents the company’s focus beyond office products and intention to meet the changing needs of both workers and learners. Chief Executive Darren Fullerton said: “This brand is designed to bring a breath of fresh air to an industry that has been historically quite traditional and predictable. “It represents our shift from offering products to providing solutions and inspiring a better way for workers and learners to get things done. By its nature, it also gives us the ability to flex and add adjacent solutions and offerings to meet our customers’ needs both now and into the future.” In addition to the new identity, the company also announced today significant investment in its supply chain, digital experience and a new offering to give customers’ data driven insights into the overall performance of their company. “This represents a shift that goes far deeper than our new name and identity. This will be the start of a complete change to the customer experience. “It is more than defending disruption from the likes of Amazon, it’s about developing our ability to see around corners and fully anticipate customer needs. We are also investing in a best-in-class digital experience, complete with artificial intelligence and full automation to remove friction in the cart process. “Our competitive edge sits in our deep domain expertise. With our new customer insight report, called The Winc Review, we will provide a new level of insight and data for our customers into their own supply chain, innovation, compliance, cost management and sustainability. This information will in turn allow them to improve the overall health of their business in these critical areas.” The company also has plans to further strengthen their last mile delivery model that significantly sets them apart in the marketplace. “Our drivers know our customers’ personally – in many cases they see them every day with a straight to desk and doorstep delivery experience. You don’t get this experience when you buy straight from an e-Commerce site. This is something our customers in Australia and New Zealand have told us time again that they value and we are making investments to make this experience even better.” The company will begin doing business as Winc starting September 4 2017 in Australia and New Zealand.   About Winc We’re Winc. And we stand for work incorporated. Winc is a company that exists to inspire millions of people in Australia and New Zealand with new and better ways to work and learn. We believe that work should allow people to create, play and do more and inspire better ways to get things done. From office, school, facilities and safety essentials, services like print and marketing, to demonstrating what more is possible with our technology and workspace solutions, Winc has a wide product range that can be tailored to you and yours.

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Staples ANZ breaks out of the pack with new company name, identity and significant transformation investment.

Platinum Equity to Acquire Fischer Tech

Singapore-based manufacturer to merge with Platinum Equity’s portfolio company Ying Shing Enterprises LOS ANGELES, SINGAPORE (July 27, 2017) – Platinum Equity announced today that FT Holding II Limited ("Offeror"), an indirectly wholly-owned subsidiary of investment funds and entities affiliated with and advised by Platinum Equity, has signed a definitive agreement to acquire Fischer Tech Ltd. (“Fischer Tech”), a Singapore-listed manufacturer of high volume precision engineering plastic components, for S$3.02 in cash per share. The transaction is subject to shareholder and regulatory approval and is expected to close in 4Q 2017. Once the acquisition is completed, Fischer Tech is expected to combine its business with that of Platinum Equity’s portfolio company, Ying Shing Enterprises Limited ("Ying Shing") through a merger of the Offeror and Pearl Holding III Limited, the holding company of Ying Shing.  Ying Shing, acquired by Platinum Equity in 2015, is a vertically integrated manufacturer of precision-engineered plastic injection molded and metal stamping components. The company is headquartered in Hong Kong with production facilities in Zhuhai and Suzhou.  Fischer Tech manufactures and supplies plastic precision components for a wide range of products including automobiles, consumer electronics, computers and medical devices.  Fischer Tech has production facilities in Singapore, China, Malaysia and Thailand. Jacob Kotzubei, the partner in Platinum Equity’s Los Angeles headquarters who oversees the firm’s Singapore-based team, said Fischer Tech and Ying Shing are highly complementary businesses. “Fischer Tech will help diversify Ying Shing’s customer base, add scale and greater reach to its manufacturing footprint, and provide new technology that will benefit customers around the world,” said Mr. Kotzubei. “The companies are a natural fit that will be stronger and more capable working together.” Fischer Tech Founder, President and CEO Peter CK Tan said the prospective combination with Ying Shing is the right move for the future of the business. “This transaction is exciting news for our company and our shareholders,” said Mr. Tan.  “Ying Shing shares our commitment to engineering excellence and will open up new opportunities for growth and expansion. Our customers will benefit greatly from the combined financial and technological capabilities.”  Soo Jin Goh, Principal at Platinum Equity and head of the firm’s Singapore-based investment team, said the add-on acquisition is delivering on Platinum Equity’s promise to support Ying Shing’s expansion. “When we acquired Ying Shing we pledged to invest in the company’s long-term growth and the acquisition of Fischer Tech is an example of that commitment,” said Mr. Goh.  “We expect to continue looking for new opportunities to expand the combined business.”  Scheme of Arrangement and Joint Announcement The proposed acquisition of Fischer Tech by the Offeror will be effected by way of a scheme of arrangement under the Singapore Companies Act (the "Scheme") and in accordance with the Singapore Code on Takeovers and Mergers.  This press release should be read in conjunction with the full text of the joint announcement in relation to the Scheme issued by the Offeror and Fischer Tech dated July 27, 2017 (the "Announcement"), which provides further details on the terms, conditions and financial evaluation of the Scheme.  A copy of the Announcement is available on www.sgx.com.  AdvisersGoldman Sachs (Singapore) Pte. is acting as sole financial adviser to the Offeror and Clifford Chance is acting as sole legal counsel to the Offeror. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions. Responsibility StatementsThe directors of each of the Offeror and FT Holding I Limited ("HoldCo") (including any who may have delegated detailed supervision of the preparation of this document) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this document (excluding information relating to Fischer Tech or any opinion expressed by Fischer Tech) are fair and accurate and that, where appropriate, no material facts in relation thereto have been omitted from this document, and the directors of each of the Offeror and HoldCo jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from Fischer Tech, the sole responsibility of the directors of each of the Offeror and HoldCo has been to ensure that, through reasonable inquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this document. The directors of each of the Offeror and HoldCo do not accept any responsibility for any information relating to, or any opinion expressed by, Fischer Tech. Forward-looking Statements All statements other than statements of historical facts included in this document are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as “seek”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “plan”, “strategy”, “forecast” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” and “might”. These statements reflect the Offeror’s or Platinum Equity's current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders should not place undue reliance on such forward-looking statements, and neither the Offeror nor Platinum Equity undertakes any obligation to update publicly or revise any forward-looking statements “When we acquired Ying Shing we pledged to invest in the company’s long-term growth and the acquisition of Fischer Tech is an example of that commitment. We expect to continue looking for new opportunities to expand the combined business,” said Platinum Equity Principal Soo Jin Goh.

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Platinum Equity to Acquire Fischer Tech

Vertiv Sells ASCO® to Schneider Electric

Sale enables greater focus on core business Columbus, Ohio [July 27, 2017] – Vertiv, formerly Emerson Network Power, today announced plans to sell its ASCO® business as it continues to sharpen its focus on the digital critical infrastructure space. The $1.25 billion sale to Schneider Electric allows Vertiv to apply additional resources toward business and technological advancements in its core data center, telecommunications and commercial and industrial markets. As Vertiv has repositioned itself after being sold to Platinum Equity in November 2016, it became clear that ASCO’s strengths in the automatic transfer switch arena fell outside the new organization’s more focused strategy, said Vertiv CEO Rob Johnson. “This sale is a significant step forward in our evolution as the premier provider of digital critical infrastructure solutions,” Johnson said. “This is consistent with our strategy of focusing on our customers and aligning the strengths of our organization –  deep domain knowledge in IT and facilities applications, global scale and service coverage  – to better meet their needs.” Platinum Equity Partner Jacob Kotzubei praised Vertiv’s progress. “Thanks to strong leadership and the commitment of Vertiv employees around the world, the company is performing exceptionally well, and the transformation of the business is right on track,” said Mr. Kotzubei. “The sale of ASCO will further support those efforts and help Vertiv continue focusing on its core business. Given the amount of cash proceeds expected to be generated from the sale, we will evaluate a number of capital structure alternatives that would be beneficial to all stakeholders." The sale price of $1.25 billion reflects a multiple of 11.7x adjusted EBITDA for CY2016. The sale is subject to customary regulatory approvals and is expected to close by Q4 2017. About Vertiv Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks and commercial and industrial facilities. Formerly Emerson Network Power, Vertiv supports today’s growing mobile and cloud computing markets with a portfolio of power, thermal and infrastructure management solutions including the ASCO®, Chloride®, Liebert®, NetSure™ and Trellis™ brands. Sales in fiscal 2016 were $4.4 billion. For more information, visit VertivCo.com. CONTACT Mark Berry T +614 383 1605 E Mark.Berry@Fahlgren.com

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Vertiv Sells ASCO® to Schneider Electric

Platinum Equity to Acquire United Site Services

LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS).  Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson.  “The company has proven to be a strong platform on which to build and it will benefit from the additional M&A and operational resources our team brings to bear.” USS CEO Ron Carapezzi said USS and Platinum Equity are a great fit. “This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity,” said Mr. Carapezzi.  “They have the financial, M&A and operational tools we need to reach the next level.” United Site Services has completed several acquisitions over the past 18 months.  Mr. Carapezzi said the company is well positioned for continued growth and he expects M&A efforts will only accelerate under Platinum Equity’s ownership. “We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson. “We will continue pursuing opportunities to acquire portable sanitation and related services companies in key markets while leveraging Platinum’s operational expertise to improve our customer value proposition, enhance our operating effectiveness and increase our profitability,” said Mr. Carapezzi. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions. About United Site Services United Site Services provides a positive personal experience in a temporary environment. As the nation’s leader in the industry, United Site Services has more than 80 locations coast to coast providing quality portable restroom rentals and temporary fence rentals. Delivering on customer service first, United Site Services has expansive national reach with local roots to the communities it serves. To learn more about United Site Services, visit www.unitedsiteservices.com.

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Platinum Equity to Acquire United Site Services

Platinum Equity to Acquire United Site Services

LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS).  Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson.  “The company has proven to be a strong platform on which to build and it will benefit from the additional M&A and operational resources our team brings to bear.” USS CEO Ron Carapezzi said USS and Platinum Equity are a great fit. “This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity,” said Mr. Carapezzi.  “They have the financial, M&A and operational tools we need to reach the next level.” United Site Services has completed several acquisitions over the past 18 months.  Mr. Carapezzi said the company is well positioned for continued growth and he expects M&A efforts will only accelerate under Platinum Equity’s ownership. “We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson. “We will continue pursuing opportunities to acquire portable sanitation and related services companies in key markets while leveraging Platinum’s operational expertise to improve our customer value proposition, enhance our operating effectiveness and increase our profitability,” said Mr. Carapezzi. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions. About United Site Services United Site Services provides a positive personal experience in a temporary environment. As the nation’s leader in the industry, United Site Services has more than 80 locations coast to coast providing quality portable restroom rentals and temporary fence rentals. Delivering on customer service first, United Site Services has expansive national reach with local roots to the communities it serves. To learn more about United Site Services, visit www.unitedsiteservices.com.

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Platinum Equity to Acquire United Site Services

Platinum Equity Completes Acquisition of American Traffic Solutions

LOS ANGELES (June 1, 2017) –Platinum Equity today announced it has completed the acquisition of American Traffic Solutions (ATS).  Financial terms of the transaction were not disclosed. Arizona-based ATS is a leading provider of road safety cameras and toll and violations management solutions throughout North America.  The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people.  ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. Platinum Equity Partner Jacob Kotzubei said he expects ATS will benefit from the transition to new ownership. “We will bring Platinum Equity’s financial, operational and M&A resources to bear in support of the company’s long-term strategic plans,” said Mr. Kotzubei.  “ATS is a strong platform for growth, both organically and through prospective add-on acquisitions.  We will pursue opportunities that can help broaden the company’s service offering and expand its geographic reach.” In connection with the acquisition, David Roberts, previously ATS President and Chief Operating Officer has been promoted to President and Chief Executive Officer.  About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 190 acquisitions. About American Traffic SolutionsATS Safety is proud to be the market leader in road safety camera installations in North America. ATS Safety has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS Fleet Services is a leader in providing both Toll and Violation Management Solutions to fleets and rental customers saving them time and money. For more information, please visit: www.atsol.com or atsfleetsolutions.com.

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Platinum Equity Completes Acquisition of American Traffic Solutions

Winc

Winc Corporate Divestiture Active Industrials Business Services Distributor of business products and services in Australia Company Overview Winc serves a diverse customer base: corporate customers, including small, medium and enterprise businesses; government customers, including federal, state and territory organizations in Australia; plus various education-related customers The company’s broad product offering includes stationery, paper, ink and toner, kitchen and office products, computer software and hardware, and furniture Transaction Description Acquired Staples Australia and New Zealand from Staples, Inc. in April 2017; rebranded as Winc M&A Activity Acquired OfficeMax Australia in February 2018 163 O'Riordan Street, Mascot, NSW 2020 Australia www.winc.com.au 100K Products in Inventory Latest News View Full Directory Read More Platinum Equity to Acquire Sunrise Medical Investment in Germany-based maker of wheelchairs and mobility solutions adds to momentum of Platinum’s European invest... Read More Read More Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Invests in TAK Communications Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the bus... Read More Read More Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion LOS ANGELES  (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and Ne... Read More Read More Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&amp... Read More Read More Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service of... Read More Read More Platinum Equity to Acquire Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Sells Valpak to AmatoMartin LOS ANGELES (Dec. 4, 2023) – Platinum Equity announced the sale of marketing and advertising solutions provider Valpak... Read More Read More Kohler Co. to Establish Energy Division as Independent Business with Platinum Equity as Majority Interest Partner, Accelerating Long-Term Growth Strategies for both Organizations Standalone business providing energy resilience solutions expected to benefit from Platinum Equity’s carve-out experie... Read More Read More Platinum Equity to Acquire Co-Controlling Stake in US LBM Platinum Equity and Existing Investor Bain Capital to Have Equal Ownership and Shared Commitment to Support Company’s ... Read More Previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. Browse Now

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Winc

Platinum Equity Completes Acquisition of Staples’ Business in Australia and New Zealand

LOS ANGELES (April 28, 2017) — Platinum Equity today announced it has completed the acquisition of the Staples business in Australia and New Zealand from Staples, Inc. (NASDAQ: SPLS) for an undisclosed sum. Staples is a supplier of business products, services and solutions in Australia and New Zealand. The company serves a diverse variety of customers, ranging from small-and-medium businesses to large enterprises, including federal, state and territory levels of government in both countries. Following the transition to new ownership, the acquired business will continue to operate under the Staples brand in Australia and New Zealand for a short period of time while a new corporate brand is created. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $11 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund.  Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 20 years Platinum Equity has completed more than 185 acquisitions.

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Platinum Equity Completes Acquisition of Staples’ Business in Australia and New Zealand

Platinum Equity to Acquire OfficeMax Business in Australia and New Zealand from Office Depot

LOS ANGELES (April 18, 2017) — Platinum Equity announced today it has signed a definitive agreement to acquire the OfficeMax business in Australia and New Zealand from Office Depot (NASDAQ:ODP). The transaction is subject to regulatory approval in each country and is expected to close within the next several months. Financial terms were not disclosed. “We are pleased to provide Office Depot a divestiture solution that meets the company’s needs,” said Adam Cooper, principal at Platinum Equity. “We look forward to working with the OfficeMax management team to continue improving the company's offering, enhancing the customer experience and driving sustainable growth.” Platinum Equity is a leading global private equity firm with a highly specialized focus on business operations and more than 20 years’ experience acquiring and operating businesses that have been part of large corporate entities. Baker McKenzie, Bell Gully, and Greenwoods & Herbert Smith Freehills are serving as legal counsel to Platinum Equity.   About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $11 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 185 acquisitions.

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Platinum Equity to Acquire OfficeMax Business in Australia and New Zealand from Office Depot