Solenis Completes Acquisition of Diversey for $4.6 Billion
Deal combines two industry leaders in adjacent but highly complementary markets WILMINGTON, Del. (USA) — Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion. Diversey is a […]
Platinum Equity Acquires JELD-WEN Australasia Windows and Doors Business
LOS ANGELES, July 2, 2023 — Platinum Equity announced today that the acquisition of the JELD-WEN Australasia windows, doors and related building products business from JELD-WEN Holding, Inc. for approximately $461 million has been completed. “We are pleased to have provided a divestiture solution to JELD-WEN as the company continues to streamline and simplify its […]
How Club Car is assisting Georgia-based charities through annual sponsorship of Korn Ferry Tour event
At 32, Ironman triathlete Molly Barker’s struggles with alcohol abuse and addiction inspired her to start a Charlotte, N.C.-based program to help young girls navigate life experiences. Since then, Girls on the Run has grown into a national program impacting more than two million girls. Girls on the Run Coastal Georgia is one of Club Car’s […]
TruckPro’s charitable giving program raises $125,000 for St. Jude’s Research Hospital, other charities
TruckPro announced a donation of $125,000 to charities that support veterans, children’s cancer research and underserved communities during its annual sales summit in March. The beneficiaries of the TruckPro Gives Back program were the Wounded Warrior Project and The War Amps ($55,000 combined), St. Jude Children’s Research Hospital ($40,000), and the Salvation Army in the U.S. […]
LRG, a Mad Engine brand division, launches its first sustainable capsule to honor Earth Day
LRG, a brand division of Mad Engine, launched its first sustainable capsule in April to honor Earth Day 2023. In the fashion industry, a capsule is a limited-edition apparel collection that correlates with an important moment or event. LRG’s Earth Day capsule utilizes organic cotton and recycled materials. The initiative is part of Mad Engine’s […]
Solenis’ newest European facility shows company’s commitment to R&D
MÖNCHENGLADBACH, Germany – On a sunny day in west Germany, Solenis officially welcomed its newest research and development facility with a ribbon-cutting ceremony. Witnessed by a cheerful audience of C-suite executives, employees and local government officials, Solenis CEO John Panichella and Chief Sustainability Officer Lotta Kanto Öqvist did the honors in officially christening the $5 […]
Platinum Equity Co-President Jacob Kotzubei talks importance of creativity, ability to ‘meet the moment’ at Milken Institute Global Conference
Platinum Equity executive Jacob Kotzubei was invited to participate in a panel discussion during the recent 26th annual Milken Institute Global Conference. Kotzubei joined a lineup of prominent investment bankers, institutional investors, celebrities like hip-hop pioneer Snoop Dogg and politicians like U.S. Senator Joe Manchin at the bipartisan think tank’s annual gathering to promote progress […]
Yahoo News highlights Securus Technologies program that gives the incarcerated community access to college degrees
In 2016, Securus Technologies created its Lantern program for corrections to provide incarcerated students access to a college education. The platform partners with colleges and universities to deliver postsecondary digital education services to seven state department of corrections programs with nine schools around the country. Nearly 8,000 students were enrolled this past fall, and 1,000 […]
Amid headwinds for strategic buyers, Platinum offers speed and certainty in carveout with complex add-on deal
By offering a creative financing solution for the combined $1.2B EV transaction, Platinum was able to close 2 deals creating synergies and a platform poised for meaningful investment and growth. In a matter of 20 days, Platinum closed a €930m carveout deal for the refractories business of French-headquartered corporate Imerys, plus the transformative add-on of […]
Platinum Equity to Acquire JELD-WEN Australasia Windows and Doors Business
LOS ANGELES, April 16, 2023 — Platinum Equity announced today the signing of a definitive agreement to acquire the JELD-WEN Australasia windows, doors and related building products business from JELD-WEN Holding, Inc. (NYSE: JELD) for approximately $461 million. The transaction is expected to close in the third quarter of 2023, subject to certain closing conditions […]
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