Securus Technologies applauds Connecticut government after taxpayer funded calls for incarcerated become state law
DALLAS, June 17, 2021 — Yesterday, Connecticut Governor Ned Lamont signed SB 972, legislation that will make Connecticut the first U.S. state to adopt a fully taxpayer funded model for calls made from correctional institutions. Under this new taxpayer funded law, incarcerated individuals and their families will not be charged for calls, making it even easier to communicate with loved ones. Securus Technologies, […]
Awaze to Sell Landal GreenParks to Roompot
Platinum Equity portfolio company divests standalone parks unit, will continue to invest in growing core vacation rentals business LONDON – 17 JUNE 2021 – Awaze, Europe’s leading managed vacation rentals group, announced today the signing of a definitive agreement to sell its Landal GreenParks unit to Roompot. Landal GreenParks is a fully integrated holiday parks owner, […]
Platinum Equity to Acquire McGraw Hill from Apollo Funds for $4.5 Billion
Los Angeles and New York (June 15, 2021) – Platinum Equity announced today that it has entered into a definitive agreement to acquire McGraw Hill, a global leader in educational content and digital platforms, from funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) […]
Platinum Equity to Acquire Global Sewing Machine Manufacturer SVP Worldwide
LOS ANGELES (June 10, 2021) – Platinum Equity announced today a definitive agreement to acquire a controlling stake in SVP-Singer Holdings, Inc. and its wholly owned subsidiaries (“SVP Worldwide”), the world’s largest consumer sewing machine company. Existing shareholders and management have retained a meaningful equity interest. Financial terms were not disclosed. The transaction is expected […]
Platinum Equity to Acquire Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and MADRID (June 6, 2021) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of […]
Deluxe and MPS Create a Sustainable Solution for Electronic Delivery of Content to Cinemas
London, 2 June 2021 – Motion Picture Solutions (MPS) has today announced the sale of 50% of the Gofilex business to Deluxe, a global provider of solutions to the world’s leading content production studios and distributors. This sale unites Deluxe and MPS in a joint venture to provide world-class IP delivery through a single, sustainable […]
Ingersoll Rand Completes Sale of Club Car to Platinum Equity
DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity. Ingersoll Rand Execution Excellence (IRX), implemented throughout the divestiture process, enabled the company to over […]
Platinum Equity Portfolio Company Mad Engine to Combine with Fifth Sun, Creating Premier Omnichannel Provider of Licensed Apparel and Accessories
Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digital solutions and direct-to-garment / print-on-demand products LOS ANGELES (May 19, 2021) – Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in Fifth Sun from company founder Dan Gonzales. The acquisition will […]
Platinum Equity to Create Premier Skill-Based Game Platform Through Acquisitions of Game Taco and WorldWinner
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN Games Media Executive David Nathanson to serve as Executive Chairman LOS ANGELES – May 17, 2021 – Platinum Equity today announced the signing of an agreement to acquire Game Taco, a premier skill-based mobile gaming platform that joins gamers from […]
‘Opportunity for significant upside’ driving force behind Custom Truck One Source-Nesco merger
On paper, the merger makes perfect sense. Custom Truck One Source and Nesco were competitors in the specialty rental equipment market, which serves many expected growth sectors. But with multiple stakeholders and concerns to satisfy, Platinum Equity Managing Director David Glatt said recently that it took more than a year to structure and close the […]
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