How Sunrise Medical Supports Air Travel Innovation for Power Wheelchair Users
Wheelchair manufacturer works to assist users who need assistance while flying.
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August 03, 2021
How potential for ‘digital transformation’ is a main reason for Platinum Equity’s $4.5 billion acquisition of McGraw Hill
McGraw Hill has historically been known as a textbook publisher. But in a nod to the entrenched role technology plays in everyday lives, the learning company is seeing its digital business grow exponentially, with 80 percent of the company’s business in higher education delivered digitally.
Read moreAugust 02, 2021
Centerfield Completes Acquisition of Leading Digital Marketing Solution for Insurance Industry, Datalot
LOS ANGELES – Aug. 2, 2021 – Centerfield, a technology enabled customer experience company, today announced the completion of a transaction to acquire Datalot, a leading digital marketing solution for auto, home, health and Medicare insurance companies, from an investment fund affiliated with Lightyear Capital. Centerfield’s digital brands and industry leading platform, Dugout, engage in-market consumers and automate end-to-end customer acquisition for leading brands in home services, business services, e-commerce, senior services and many other categories. With Datalot, Centerfield...
Read moreAugust 02, 2021
Platinum Equity Completes Acquisition of Global Sewing Machine Manufacturer SVP Worldwide
LOS ANGELES (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of a controlling stake in SVP-Singer Holdings, Inc. and its wholly owned subsidiaries (“SVP Worldwide”), the world’s largest consumer sewing machine company. Existing shareholders and management have retained a meaningful equity interest. Financial terms were not disclosed. SVP Worldwide accounts for more than one out of three consumer sewing machines sold worldwide through three iconic brands: SINGER®, VIKING®, and PFAFF®. The company’s products are sold across a network of sew...
Read moreAugust 02, 2021
Platinum Equity Completes Acquisition of McGraw Hill for $4.5 Billion
LOS ANGELES and NEW YORK (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion. Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic instit...
Read moreJuly 27, 2021
How Platinum Equity supports Elevate Textiles’ sustainability initiatives and product innovation
Joining the United Nations Global Compact, a worldwide initiative with 10 sustainability principles. The construction of a wastewater treatment facility in Mexico that will save 140 million gallons of water per year. Addressing climate change and setting a goal to reach net-zero emissions by 2050. The announcements are just a few of the many initiatives Elevate Textiles has delivered or promised in its mission to provide environmentally friendly products to socially conscious consumers. From how cotton is cultivated to water usage to responsible manufacturing, executives at the comp...
Read moreJuly 19, 2021
Why Yusef Jackson has joined Platinum Equity’s transformation efforts at Aventiv Technologies
Gathering around the tree to open gifts is the typical Christmas scene for most families. But for Yusef Jackson, the holiday was a time to help the incarcerated held at the Cook (Ill.) County Department of Corrections. “Most kids think about what they're going to get under the tree,” Jackson said recently. “For us, the big thing on Christmas was to wake up, put our clothes on and go to the jail and put on programs for the prisoners. “It was our religious obligation to do so.” Jackson, whose father is noted civil rights leader Jesse Jackson, has devoted his life to driving...
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