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April 11, 2019

Platinum Equity and The Gores Group Sell Data Blue to Court Square Capital Partners

Los Angeles, CA, April 11, 2019 – Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners. Financial terms of the transaction were not disclosed. Founded in 2011, Data Blue is a provider of customized infrastructure, cloud architecture and virtualized solutions to enterprise customers in North America. Platinum Equity and The Gores Group, through its Gores Small Capitalization Partners fund, acquired a controlling stake in Data Blue in 2016 and worked together with the company’s management team to drive growth and operational improve...

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March 07, 2019

Platinum Equity to Acquire Spanish Seafood Provider Iberconsa from Portobello Capital

LOS ANGELES (March 7, 2019) – Platinum Equity today announced the signing of a definitive agreement to acquire a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. The sellers and members of the Iberconsa management team will be minority investors alongside Platinum Equity. Financial terms were not disclosed. The transaction is expected to close in Q2 2019. Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. T...

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February 28, 2019

Platinum Equity Completes Acquisition of Lonza Water Care Business

LOS ANGELES (Feb. 28, 2019) – Platinum Equity today announced it has completed the acquisition of Lonza's water care business in a transaction valued at approximately $630 million. Headquartered in Alpharetta, GA, the water care business is a leading provider of innovative water treatment solutions.  The company maintains six production facilities throughout North America, South America, and EMEA, and sales locations in all major regions globally. It features top consumer brands in the residential pool care market and key positions in high-growth industrial water care markets. Platinu...

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February 25, 2019

Multi-Color Corporation Enters Into Definitive Agreement to Be Acquired by an Affiliate of Platinum Equity

Cincinnati, OHIO, February 25, 2019 - Multi-Color Corporation (NASDAQ: LABL) today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity LLC (“Platinum Equity”), a leading private equity firm. Under the terms of the agreement, which has been unanimously approved by Multi-Color Corporation’s Board of Directors, Multi-Color Corporation shareholders will receive $50.00 in cash for each share of common stock they own, in a transaction valued at $2.5 billion including the assumption of $1.5 billion of debt. The cash purchase pr...

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February 06, 2019

Platinum Equity Acquires Orbit Irrigation and Hydro-Rain

Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle Market LOS ANGELES AND SALT LAKE CITY (February 6, 2019) – Platinum Equity announced today the acquisition of Pro-Mark, the parent company of Orbit Irrigation and Hydro-Rain, from affiliates of the company’s founders. Financial terms were not disclosed. Headquartered in Salt Lake City, Orbit is a leading provider of irrigation systems and related products for the residential home improvement markets. Hydro-Rain serves the professional market with a line of contractor-grade irrigation and li...

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