Jostens answers Platinum Equity’s call to action with free virtual commencement centers
The dream of a run to the baseball state playoffs ended in districts. An anticipated final concert with the school band was cancelled. As co-class president, experiencing detailed planning for a senior prom that will never occur. Thomas Arend, who remains upbeat despite the setbacks, is succinct when discussing how routine rites of passage have […]
Tom Gores Purchases 100,000 PPE Masks for City of Detroit
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores and Detroit Mayor Mike Duggan announced today that Mr. Gores purchased 100,000 PPE masks for deployment and use by the City of Detroit. The surgical-grade masks will be provided to Detroit police officers, firefighters, […]
Platinum Equity Responds to COVID-19
In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-being of our employees and their families Ensure the continuity of our business Mitigate the impact of the crisis on the firm’s portfolio companies Pursue new opportunities in the market “We are intensely focused on the health of our […]
Platinum Equity Completes Acquisition of Farnese Vini
Firm continues pursuing new investments while taking necessary precautions during global pandemic LOS ANGELES (April 6, 2020) – Platinum Equity announced today that the acquisition of Farnese Group from NB Renaissance Partners has been completed. Financial terms were not disclosed. The transaction was signed last December and has now closed as expected, with Platinum Equity […]
Why Platinum Equity acquired Italian winemaker in spite of COVID-19 challenges
The April 6 issue of Axios’ daily dealmakers newsletter called Platinum Equity’s acquisition of Farnese Vini the day’s most notable transaction. What set Farnese apart? Business editor Dan Primack wrote: “Because the deal actually closed, despite everything that’s happened in the U.S. and Italy since it was agreed to in December.” Bankers from New York […]
Aventiv Technologies Reports Initial Progress On Reform Commitments
Accomplishments reflect a positive shift in accessibility and ongoing engagement with key stakeholders Aventiv Technologies and its corrections-services subsidiary, Securus Technologies, today reported progress on key milestones of the transformation commitments announced in mid-January. Under the direction of President and CEO Dave Abel, the organization is undertaking an expansive and holistic transformation to make its […]
Platinum Equity Acquires Biscuit International
Acquisition Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES (February 14, 2020) – Platinum Equity today announced the acquisition of Biscuit International, a leading European manufacturer of private label sweet biscuits. Headquartered in Paris, Biscuit International employs approximately 1,900 people and generated sales in excess of €500m during the last 12 months, of […]
Vertiv Lists on the New York Stock Exchange Following Business Combination with GS Acquisition Holdings Corp
Pure-play critical digital infrastructure provider to trade under the ticker symbol VRT Feb. 10, 2020 COLUMBUS, Ohio–(BUSINESS WIRE)–Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the business combination of GS Acquisition Holdings Corp and Vertiv Holdings, LLC. The combination was approved by GS Acquisition Holdings […]
Gores Holdings III, Inc. Completes Acquisition of PAE From Platinum Equity
Combined company renamed PAE Incorporated and will trade on Nasdaq under PAE and PAEWW LOS ANGELES (February 10, 2020) – Gores Holdings III, Inc. (“Gores Holdings III”) (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC (“The Gores Group” or “Gores”), today announced that […]
Platinum Equity Completes $2.7 Billion Acquisition of Cision Ltd.
CHICAGO, Jan. 31, 2020 /PRNewswire/ — Cision LTD., a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. “Cision is well established as the industry standard platform for communications professionals navigating […]
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