Carve Out of Print Rollers and Specialty Components Business Led by Platinum Equity's Dedicated Lower Middle Market Team
LOS ANGELES, CA– April 03, 2015 – Platinum Equity today announced it has completed the acquisition of Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”). Financial terms were not disclosed.
Enbi is a supplier of paper transport, fusing and image transfer rollers, focusing primarily on the office equipment market. Enbi serves its customers through strategically placed manufacturing facilities in North America, Europe and Asia.
Platinum Equity is working closely with Enbi to ensure a seamless transition.
Platinum Equity is a global private equity firm currently investing from a $3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm's operational expertise. The firm has a highly specialized focus on business operations and extensive owning and operating businesses that have been acquired from large corporate parent companies. Transactions Platinum Equity completed in 2014 included carve outs from Volvo, Telstra and Bemis.
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations — a trademarked strategy the firm calls M&A&O — acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.