Mr. Samson said Europe is an important focus for Platinum Equity as it continues deploying its most recent fund, Platinum Equity Capital Partners IV
, a $6.5 billion global buyout fund.
“We have more than 20 years of experience in Europe, a dedicated team in London and our portfolio companies employ more than 16,000 people in the region,” said Mr. Samson. “We have the capital base and the depth of experience to continue growing our European portfolio and will remain very active in this market.”
Platinum Equity recently completed the $1.3 billion acquisition of Wyndham’s European vacation rental business and in Q4 2017 acquired Pattonair, a global aerospace and defense supply chain provider headquartered in Derby, UK.
Other European investments in Platinum Equity’s current portfolio include Exterion Media
, Ecka Granules
and Electro Rent
Bank of America Merrill Lynch and Morgan Stanley served as financial advisors to Platinum Equity and Baker McKenzie was Platinum Equity’s legal advisor. About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About WFS
Founded in 1971, WFS (www.wfs.aero) is the world’s largest air cargo handler and one of the leading providers of ground handling and technical services with annual revenues of over €1.2 billion. Its 22,800 employees serve over 300 airlines at 198 major airports in 22 countries on five continents.