Platinum Equity Hires Kris Agarwal as General Counsel
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel. Mr. Agarwal recently joined the firm and oversees Platinum Equity’s legal department, legal support for Platinum Equity’s fund and investor relations, and legal affairs for the firm’s portfolio companies. Mr. Agarwal succeeds Eva Kalawski, who […]
Verra Mobility Announces Merger Agreement with Gores Holdings II, Inc.
Verra Mobility to be Publicly Listed Company with $2.4 Billion Enterprise Value upon Consummation of Transaction LOS ANGELES (June 21, 2018) – Verra Mobility (“Verra Mobility” or the “Company”), the leading provider of tech-enabled smart transportation solutions and a portfolio company of Platinum Equity, announced it has entered into a definitive agreement and plan of […]
Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will […]
Platinum Equity to Sell Worldwide Flight Services for €1.2 Billion
Successful investment adds to Platinum Equity’s continued momentum in Europe LOS ANGELES (June 19, 2018) – Platinum Equity today announced it has signed a definitive agreement to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, L.P. in a transaction valued at approximately €1.2 billion. The sale is expected to close during Q4 […]
Johnson & Johnson Announces Acceptance of Binding Offer From Platinum Equity To Acquire LifeScan, Inc.
NEW BRUNSWICK, N.J. (June 12, 2018) – Johnson & Johnson (NYSE: JNJ) today announced that it has accepted the binding offer from Platinum Equity, previously announced on March 16, 2018, to acquire its LifeScan business for approximately $2.1 billion. LifeScan, Inc. is a world leader in blood glucose monitoring and maker of the OneTouch® brand of products. This acceptance was […]
Wyndham Worldwide Announces Completion of its Sale of its European Vacation Rentals Business
PARSIPPANY, N.J. (May 9, 2018) — Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sale of its European vacation rentals business to an affiliate of Platinum Equity, LLC, a leading global private equity firm, for approximately $1.3 billion. The industry-leading European vacation rentals business is the largest manager of holiday […]
Platinum Equity Completes Acquisition of American & Efird
LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American & Efird (A&E) from an affiliate of KPS Capital Partners, LP. Financial terms were not disclosed. Headquartered in Mt. Holly, North Carolina, A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium […]
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger Creates the largest interior finish services company in the US with $1.5 billion in revenue Paves the way for new investments in facilities, technology and customer service Creates a national brand with a footprint reaching from coast to coast ATLANTA, GA and IRVINE, CA, […]
Platinum Equity to Acquire Pitney Bowes’ Global Production Mail Business
Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce, today announced that Platinum Equity has signed a definitive agreement to acquire the Company’s Document Messaging Technologies (DMT) production mail business and supporting software for $361 […]
Platinum Equity Announces American Traffic Solutions Acquisition of Euro Parking Collection
LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) by Platinum Equity portfolio company American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed, but certain seller shareholders will become shareholders of the combined group. Euro Parking Collection plc (EPC) specializes in the identification, notification and […]
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