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Kodak Sells Image Sensor Business to Platinum Equity

Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity in a move that will sharpen Kodak’s operational focus and strengthen its financial position. While the financial details were not disclosed, Kodak will have continuing access to the image sensor […]

Platinum Equity Acquires NESCO

Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were […]

KEMET Announces Election of Jacob Kotzubei to KEMET Board of Directors

Greenville, SC,– KEMET Corporation (NYSE: KEM) (the “Company”), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company’s Board of Directors. On October 25, 2011, the Company’s Board of Directors increased the size of the Board to nine members and elected Mr. […]

Platinum Equity Company Keystone Automotive Operations Acquires NTP Distribution

Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and accessories, in coordination with its majority shareholders Platinum Equity, announced today that it has acquired NTP Distribution Inc. (NTP) is a privately held provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle (RV) and towing […]

Platinum Equity Company Quark Special Upgrade Program Benefits Owners of Early Versions

As reported in Macworld, an online source for Apple– and software-related news, Quark, a Platinum Equity portfolio company, is looking to the past to generate interest in the future. Quark has created a special upgrade program making the latest version of QuarkXPress available at a discount to all owners of previous versions of the software. […]

Platinum Equity Completes Sale of AEES

Los Angeles, CA – Platinum Equity announced today it has completed the sale of its North American wire harness business, AEES, to PKC Group. The sale transaction included cash consideration and newly issued PKC shares. AEES is one of the leading North American suppliers of wiring harness solutions to automotive original equipment manufacturers and tier-one […]

UNICOM Systems acquires iET Solutions from Platinum Equity

Mission Hills, CA – UNICOM® Systems, Inc., a global leader in IBM mainframe, System i, Unix and Open Systems management solutions today announced that it has acquired the Boston-based international software company, iET Solutions, LLC from Platinum Equity, LLC. The acquisition underlines UNICOM’s commitment to the IT Service Management (ITSM) and Software Asset Management market […]

The Pistons Are Getting Smart

Interviewed by SI.com at the biennial New England Symposium on Statistics and Sports, Platinum Equity partner Robert Wentworth discussed Platinum’s plans for the Pistons—acquired by Platinum Equity as a component of Palace Sports & Entertainment—and Platinum’s intent to incorporate advanced statistics into the organization. The symposium, held at Harvard, covers statistical modeling and analysis of […]

Union Tribune and United Way Partner on Education Volunteers

The San Diego Union-Tribune has teamed with United Way of San Diego County and the San Diego County Office of Education to introduce an unprecedented campaign to mobilize 4,500 San Diego County residents to pledge to volunteer with K-12 students. The “U-T Volunteer for Education” campaign will continue through the 2011-12 academic school year and […]