Platinum Equity’s Credit Team Leads Refinancing for Impact Climate Technologies
Incumbent lender Platinum steps up again with new financing solution to support ICT’s continued growth LOS ANGELES (April 30, 2025) – Platinum Equity announced today it led a financing for Impact Climate Technologies to refinance its existing indebtedness and support future growth of the business. ICT is a leading supplier of design-assist engineering and manufacturers’ […]
$50K in Scholarships, Food Drive Highlight Platinum Equity’s JRLA Mentorship Outing
DETROIT – Boxes of milk cartons, bread, fresh tomatoes and other kitchen staples were piled high outside Jalen Rose Leadership Academy on a cold Wednesday morning in early March. As dozens of cars lined up outside the high school for the weekly food drive sponsored by Forgotten Harvest, a Detroit-based nonprofit fighting food insecurity, the […]
Platinum Equity Supports Proposed Recapitalization Agreement at Aventiv Technologies
LOS ANGELES (April 16, 2025) – Platinum Equity confirmed today that it and other financial stakeholders have reached agreement to recapitalize Aventiv Technologies via an out-of-court debt-for-equity exchange. If approved by relevant regulatory agencies, the agreement, announced today, will facilitate Platinum’s long-anticipated divestiture of the business as Aventiv transitions to new ownership upon close of […]
Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subject with ease, but then came fourth grade, and with it, geometry. Suddenly, math wasn’t so simple anymore. His mother, Amy, watched as her son wrestled with tricky concepts like measuring angles and calculating the […]
Platinum Equity’s Club Room Conversation Highlights Firm’s Female Leaders
BEVERLY HILLS, Calif. – To recognize Women’s History Month, Platinum Equity recently gave employees an opportunity to hear from five female executives in what will hopefully be the first in a series of conversations where senior executives provide insight and advice for ways to grow within the firm. Held in Platinum Equity’s Club Room, the […]
McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools
Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 COLUMBUS, Ohio (March 24, 2025) – McGraw Hill, a leading global education company, announced the acquisition of Essaypop, an interactive, cloud-based writing solution built by teachers to demystify writing in a way that is user-friendly and intuitive for both educators and students. […]
Platinum Equity Ready for Annual JRLA Mentorship Event: ‘A Lifelong Connection’
DETROIT – Last June, local sportswriters gathered at the Henry Ford Pistons Performance Center basketball court for a news conference where Detroit Pistons owner Tom Gores welcomed Trajan Langdon, the franchise’s new President of Basketball Operations. After a series of questions from veteran journalists, a new face added his voice to the proceeding. Platinum Equity […]
Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick
In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion in capital commitments, exceeding its target. The global M&A markets saw some signs of a rebound last year after a slow 2023. Platinum Equity reacted with a combination of discipline and creativity, completing […]
Electro Rent Sells intellirent
Company divests ancillary division focused on power and infrastructure markets LOS ANGELES (February 19, 2025) – Platinum Equity portfolio company Electro Rent today announced the signing of a definitive agreement to sell its intellirent division to Sandbrook Capital. intellirent provides electrical test and measurement (“T&M”) equipment primarily serving the power generation and distribution, data center […]
Platinum Equity Completes Acquisition of Héroux-Devtek
LOS ANGELES (February 12, 2025) – Platinum Equity announced today that the acquisition of Héroux-Devtek Inc. (TSX: HRX), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, has been completed. “We have been investing in Canada for a long time and know the market dynamics and leading sectors very well. […]
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