News

Filter by:
Sort by: New | Old

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...

Read more

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...

Read more

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...

Read more

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...

Read more

January 07, 2019

Platinum Equity to Acquire Singapore-Based PCI Limited

LOS ANGELES (JANUARY 7, 2019) – Platinum Equity announced today that Pagani Holding III Limited ("Offeror"), an indirectly wholly-owned subsidiary of investment funds and entities affiliated with and advised by Platinum Equity, has signed a definitive agreement to acquire PCI Limited (“PCI”), a Singapore-listed electronics manufacturing services provider, for S$1.33 in cash per share. The transaction is subject to shareholder and regulatory approval and is expected to close in 2Q 2019. PCI provides design, manufacturing, testing, and supply chain services to an expanding global custom...

Read more