Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024) – Platinum Equity portfolio company Jostens today announced a nearly $640 million recapitalization in connection with a $450 million strategic equity investment from an affiliate of Koch Equity Development LLC (“KED”), the principal investing and acquisition arm […]
Ingram Micro begins trading on NYSE
Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million in Ingram Micro’s return to public markets Tuesday, October 29, 2024 NEW YORK — Executives from Platinum Equity-backed Ingram Micro (INGM.N) rang the bell at the New York Stock Exchange (NYSE) on Thursday, […]
Platinum Equity Acquisition of Sunrise Medical Recognizes ‘Important’ German Market
The World Health Organization is predicting the population of people aged 60 years and older will grow to 2.1 billion globally by 2050, while the number of Americans 65 and older is projected to increase from 58 million in 2022 to 82 million by the middle of the century. The expected rise in ageing populations […]
Platinum Equity’s Credit Team Leads New Term Loan for RELAM
Incumbent lender Platinum steps up again with new financing solution to support RELAM’s continued growth LOS ANGELES (Oct. 10, 2024) – Platinum Equity announced today it led a new and upsized Second-Lien Term Loan (“Term Loan”) for Railway Equipment Leasing and Maintenance Inc. (“RELAM”) to refinance the company’s existing indebtedness and support future growth of […]
Platinum Equity Carveout Experience, Expected Growth in Organic Milk Market Fuels Horizon Investment
The organic dairy market is expected to grow because of rising demand and other factors. In an interview shortly after Platinum Equity closed on Horizon Organic, the largest USDA-certified organic dairy brand in the world, Managing Director Adam Cooper cited that trend. “The brand has earned a reputation for quality and innovation that is unmatched […]
Platinum Equity to Acquire Polli, Italian Producer of Pasta Condiments and Vegetable Preserves
One of EU’s largest pesto producers to partner with Platinum in pursuit of continued growth, international expansion Founding Polli family to retain stake in 150+ year-old business LOS ANGELES (September 18, 2024) – Platinum Equity announced today the signing of a definitive agreement to acquire a majority stake in F.lli Polli S.p.A. (“Polli”), a leading […]
Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – September 17, 2024 – Global investment firm Platinum Equity and Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced the acquisition of Rise Baking Company (“Rise”). Platinum Equity and Butterfly will be equal […]
Kohler Energy Rebrands as Rehlko
Ushering in New Era of Sustainable Energy Innovation: Rehlko builds on a 100-plus-year legacy of powering an energy resilient world for a better future. KOHLER, Wis. – September 17th, 2024 – Kohler Energy today officially rebranded under its new corporate name Rehlko (pronounced RELL-koh), marking a major milestone in the company’s 100 -plus-year history delivering innovative, […]
Platinum Equity Acquires Controlling Stake in Inventia Healthcare
Acquisition of Mumbai-based generic pharmaceutical business led by Platinum’s Asia investment team LOS ANGELES and MUMBAI (August 28, 2024) – Platinum Equity announced today the acquisition of a controlling stake in Inventia Healthcare Limited’s core Oral Solid Dosage (“OSD”) business (“Inventia”) from India Life Sciences Fund III (Advised by InvAscent), NYLIM Jacob Ballas India Fund […]
Platinum Investment in Tak Fueled by Expected Rise of Fiber
The fiber-to-the-home market is expected to grow with the rise in streaming TV and other factors contributing to that growth. Earlier this year, while explaining Platinum Equity’s investment in broadband provider Tak Communications, Managing Director Krasner is quick to note that Amazon Prime Video’s airing of an NFL playoff game earlier this year – with […]
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