Platinum Equity Completes Acquisition of CBS Outdoor’s European Business
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made […]
Platinum Equity Acquires HomeDirect, Combines Business with MXD Group
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation Resource Partners, LP (TRP) and is combining the business with Platinum Equity portfolio company MXD Group. HomeDirect was established in 1995 as part of the Bekins Company and has been owned by TRP since 2005. MXD Group (formerly […]
Platinum Equity Completes Acquisition Of Bridge Terminal Transport From Maersk Inc.
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially all the assets of Bridge Terminal Transport, Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport (“BTT”) […]
Platinum Equity and The Gores Group Sell Alliance Entertainment to Super D
LOS ANGELES, CA (September 5, 2013) – Platinum Equity and The Gores Group announced today the sale of Alliance Entertainment to California-based music and video wholesaler Super D. Financial terms of the transaction were not disclosed. Alliance is the largest wholesale distributor of CD, DVD and Blu-Ray titles in the United States, providing distribution, fulfillment […]
Platinum Equity Closes $3.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2013) – Platinum Equity today announced the closing of Platinum Equity Capital Partners III, a buyout fund focused on investing in businesses that can benefit from Platinum’s operational expertise. The fund closed on its target size of $3,750,000,000 in capital commitments. It is the successor to a $2,750,000,000 fund that […]
Platinum Equity Rebrands Exel Direct as MXD Group
Columbus, OH, (Aug. 29, 2013) – Platinum Equity today announced the rebranding of home delivery business Exel Direct as MXD Group. Platinum Equity acquired Exel Direct, Inc. from Exel Inc., a subsidiary of Deutsche Post DHL, in May 2013. Exel Direct specializes in high-touch “white glove” delivery services for North American retail brands across a […]
Maersk Inc. Announces Sale of Bridge Terminal Transport, Inc. to Platinum Equity
MADISON, NJ – Aug 7, 2013 – Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group, announced today that it has entered into an agreement to sell substantially all the assets of its subsidiary Bridge Terminal Transport, Inc. (BTT) to an affiliate of Platinum Equity, a Los Angeles-based private equity firm. The transaction is expected […]
Emerson Reaches Agreement to Sell Majority Interest in Embedded Computing & Power Business to Platinum Equity
ST. LOUIS–August 06, 2013–Emerson (NYSE: EMR) today announced an agreement to sell a 51 percent stake in its embedded computing and power business to Platinum Equity. Emerson will receive approximately $300 million in cash and will retain a 49 percent noncontrolling interest in the business, which will operate as an independent company. Share repurchase will […]
Platinum Equity Makes Irrevocable Binding Offer of $225 Million for CBS Outdoor International
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has made an irrevocable binding offer to acquire the assets of CBS Outdoor International (“CBSO International”). The proposed transaction represents a total value of approximately $225 million and is […]
Neovia Logistics To Acquire MIQ Contract Logistics Business
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving the automotive, industrial, mining, aerospace and defense industries, announced today that it has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings, Inc. The contract logistics business provides warehouse […]
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