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May 15, 2023

Solenis’ newest European facility shows company’s commitment to R&D

MÖNCHENGLADBACH, Germany – On a sunny day in west Germany, Solenis officially welcomed its newest research and development facility with a ribbon-cutting ceremony. Witnessed by a cheerful audience of C-suite executives, employees and local government officials, Solenis CEO John Panichella and Chief Sustainability Officer Lotta Kanto Öqvist did the honors in officially christening the $5 million investment from the global manufacturer of specialty chemicals that help produce products like paper towels, toilet tissue, food containers and other items. “My message is pretty simple, and...

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May 09, 2023

Platinum Equity Co-President Jacob Kotzubei talks importance of creativity, ability to ‘meet the moment’ at Milken Institute Global Conference

Platinum Equity executive Jacob Kotzubei was invited to participate in a panel discussion during the recent 26th annual Milken Institute Global Conference. Kotzubei joined a lineup of prominent investment bankers, institutional investors, celebrities like hip-hop pioneer Snoop Dogg and politicians like U.S. Senator Joe Manchin at the bipartisan think tank’s annual gathering to promote progress and prosperity. Kotzubei, who was recently promoted to Co-President at Platinum Equity, thinks creativity helps private equity firms successfully transact despite a slow M&A market. “I t...

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May 08, 2023

Yahoo News highlights Securus Technologies program that gives the incarcerated community access to college degrees

In 2016, Securus Technologies created its Lantern program for corrections to provide incarcerated students access to a college education. The platform partners with colleges and universities to deliver postsecondary digital education services to seven state department of corrections programs with nine schools around the country. Nearly 8,000 students were enrolled this past fall, and 1,000 students have earned degrees through the program. Yahoo recently profiled Alecia Nolan-Jones, 44, who is enrolled at Ashland (Ohio) University, which is one school participating in the Lantern program....

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May 07, 2023

Amid headwinds for strategic buyers, Platinum offers speed and certainty in carveout with complex add-on deal

By offering a creative financing solution for the combined $1.2B EV transaction, Platinum was able to close 2 deals creating synergies and a platform poised for meaningful investment and growth. In a matter of 20 days, Platinum closed a €930m carveout deal for the refractories business of French-headquartered corporate Imerys, plus the transformative add-on of HarbisonWalker International (HWI), a U.S.-based refractory company. The combined businesses will operate under the name Calderys. The Imerys deal emerged as a carveout from a multinational business at a moment when little M&...

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April 17, 2023

Platinum Equity to Acquire JELD-WEN Australasia Windows and Doors Business

LOS ANGELES, April 16, 2023 — Platinum Equity announced today the signing of a definitive agreement to acquire the JELD-WEN Australasia windows, doors and related building products business from JELD-WEN Holding, Inc. (NYSE: JELD) for approximately $461 million. The transaction is expected to close in the third quarter of 2023, subject to certain closing conditions and regulatory approvals. “We are proud to have crafted a divestiture solution that delivers speed and certainty to JELD-WEN at a time when the M&A market remains challenging,” said Platinum Equity Co-President Louis...

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April 03, 2023

Platinum Equity Acquires Majority Share of Tarter Farm and Ranch Equipment

LOS ANGELES, April 3, 2023 — Platinum Equity announced today the acquisition of a majority interest in Tarter Farm and Ranch Equipment from affiliates of the company’s founders. The Tarter family remains a minority shareholder. Financial terms were not disclosed. Founded by the Tarter family in 1945 as the Tarter Gate Company, the business has expanded significantly in recent years to include a broad range of ranch and farm equipment. Today Tarter manufactures animal gates and fencing solutions, tractor implements, planters and fire rings, and animal feeding and handling equipment fo...

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