Platinum Equity to Sell Heat Controller to Lennox
Sale positions Heat Controller for continued growth Divestiture represents final exit of the firm’s investment in HVA...
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October 20, 2022
How one educator’s use of McGraw Hill’s ALEKS technology helps her students succeed at math
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Read moreSeptember 30, 2022
Platinum Equity Acquires Majority Interest in Global Apparel Company Hop Lun
Investment in Hong Kong-based undergarment and swimwear company led by Platinum’s Singapore investment team LOS ANGELES and SINGAPORE, September 30, 2022 — Platinum Equity announced today that the acquisition of a controlling stake in international apparel company Hop Lun from company founder Erik Ryd has been completed. Financial terms were not disclosed. Founded by Mr. Ryd in 1992 and headquartered in Hong Kong, Hop Lun is one of the world’s largest designers and manufacturers of undergarments and swimwear sold in the US, UK and EU. “We have gotten to know Erik very well ove...
Read moreSeptember 30, 2022
How acquisition of apparel company Hop Lun is an example of Platinum Equity’s ability to ‘win over’ founder-owned companies
Platinum Equity’s decision to acquire a majority interest in Hop Lun, a global apparel company, is noteworthy for many reasons. Hop Lun is Platinum Equity’s fourth platform deal and first foray into the apparel business in Asia. It’s currently the fourth apparel company in Platinum Equity’s portfolio. The acquisition is also another instance of Platinum Equity building a solid working relationship with a founder-owned business. Current Platinum Equity portfolio companies Game Taco, Mad Engine, Arrow International, L&R Distributors and Centerfield were acquired from company...
Read moreSeptember 28, 2022
How commitment and resources drive Platinum Equity’s European momentum
The ability to execute European-headquartered global, pan-European, and domestic complex deals speaks to Platinum Equity’s commitment and deployment of resources in Europe. With the early 2022 acquisition of Leaders Romans Group, a UK-based property service firm, Platinum’s European portfolio includes: Spain-headquartered global environmental services leader Urbaser and global frozen seafood company Iberconsa, European vacation rentals group Awaze, European private label sweet biscuits manufacturer Biscuit International, Italy-based global marine contractor De Wave Group and global wine...
Read moreSeptember 08, 2022
Why Platinum Equity likes ‘high velocity M&A’ opportunity in UK property services market
Acquisition of Leaders Romans Group amplifies European momentum because of its place in the UK property market In early March, residential property letting company Leaders Romans Group announced the acquisition of Northfields Holdings, the first acquisition for United Kingdom-based LRG under the Platinum Equity umbrella. Since that acquisition, LRG has acquired SPL Property Management, GSC Estate Management, and Hose Rhodes Dickson. The M&A activity is a continuation of the company’s “high-velocity M&A program,” which was cited by Platinum Equity Partner Louis Samson, wh...
Read moreAugust 30, 2022
Why Detroit Pistons owner and Platinum Equity founder Tom Gores hopes basketball camps can be ‘foundation of success’ for kids
Jeremiah West was eager to volunteer at the five-day basketball camp recently held in the Petosky-Otsego neighborhood in Detroit. He fondly remembers when he was taught to play by older kids as a youth. “The camp keeps the kids active and teaches them the fundamentals of basketball,” West said of the early August camp that also allowed West to give back to his community. “Some of the kids don’t have a hoop at home so they come here, play basketball, meet new friends and it’s a good thing we have this.” West was one of the assistant coaches at the basketball camp sponsored ...
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