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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June 06, 2021
Platinum Equity to Acquire Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and MADRID (June 6, 2021) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion). The sale is expected to be completed during the third quarter of 2021, subject to China Tianying shareholder and customary regulatory approvals. Urbaser is a leading global e...
Read moreJune 02, 2021
Deluxe and MPS Create a Sustainable Solution for Electronic Delivery of Content to Cinemas
London, 2 June 2021 – Motion Picture Solutions (MPS) has today announced the sale of 50% of the Gofilex business to Deluxe, a global provider of solutions to the world’s leading content production studios and distributors. This sale unites Deluxe and MPS in a joint venture to provide world-class IP delivery through a single, sustainable electronic fulfilment platform. The parties’ continued investment to drive innovation and network expansion will benefit both distributors and exhibitors. Deluxe’s stake in Gofilex, the market-leading electronic delivery provider, demonstrates resoun...
Read moreJune 01, 2021
Ingersoll Rand Completes Sale of Club Car to Platinum Equity
DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity. Ingersoll Rand Execution Excellence (IRX), implemented throughout the divestiture process, enabled the company to over deliver on its commitment to complete the sale by the third quarter of 2021. The all-cash transaction, valued at $1.68 billion (approximately 12.1x 2020 Specialty Vehicle Technologies Segment Adjusted...
Read moreMay 20, 2021
Platinum Equity Portfolio Company Mad Engine to Combine with Fifth Sun, Creating Premier Omnichannel Provider of Licensed Apparel and Accessories
Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digital solutions and direct-to-garment / print-on-demand products LOS ANGELES (May 19, 2021) – Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in Fifth Sun from company founder Dan Gonzales. The acquisition will be made through Platinum Equity portfolio company Mad Engine. The transaction is expected to be completed during the second quarter of 2021. Financial terms were not disclosed. Fifth Sun is a leading designer, ...
Read moreMay 17, 2021
Platinum Equity to Create Premier Skill-Based Game Platform Through Acquisitions of Game Taco and WorldWinner
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN Games Media Executive David Nathanson to serve as Executive Chairman LOS ANGELES – May 17, 2021 – Platinum Equity today announced the signing of an agreement to acquire Game Taco, a premier skill-based mobile gaming platform that joins gamers from around the world to play and compete in tournaments for fun and cash prizes. In connection with the transaction, Game Taco will acquire WorldWinner, a pioneer in skill-game development and offerings, from GSN Games, a Game Show Network divis...
Read moreMay 05, 2021
‘Opportunity for significant upside’ driving force behind Custom Truck One Source-Nesco merger
On paper, the merger makes perfect sense. Custom Truck One Source and Nesco were competitors in the specialty rental equipment market, which serves many expected growth sectors. But with multiple stakeholders and concerns to satisfy, Platinum Equity Managing Director David Glatt said recently that it took more than a year to structure and close the transaction. “Typically you're negotiating with one party on either side, and there's give and take on certain things, and you're trying to satisfy one party's objectives,” Glatt said. “Here, there were multiple constituents involved....
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