Platinum Equity Invests in Norton Packaging
LOS ANGELES (January 9, 2026) – Platinum Equity announced today a significant investment in Norton Packaging, a provid...
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January 13, 2011
Acument Keeps Operations in Metro Detroit, 50 Hires Planned This Year
DETROIT, MI (metromode)--The transformation of Acument over the past few years typifies what Detroit auto suppliers experienced: loss of work and shrinking operations. Today, however, Acument is a promising sign of things to come. Acument, a Platinum Equity portfolio company, recently struck a deal with the Michigan Economic Development Corp to expand its Sterling Heights, Holly, and Fenton plants. It expects to hire 50 people in Metro Detroit this year, expanding its workforce to 500 personnel by 2012 and 600 by 2014. Read full story... Source: Timothy Weir, director of communicati...
Read moreJanuary 06, 2011
Robert Klap Joins Platinum Equity as Principal
LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm's investor relations, capital raising and deal origination programs.Most recently, Mr. Klap was an executive at UBS in London, responsible for managing private equity fund investments in the bank's wealth management group. Previously, he was a private equity portfolio manager at Shell Asset Management Company and a fund manager at Mn Services, each of which are institutional investors in Platinum's private equity funds."I am deli...
Read moreDecember 16, 2010
Platinum Equity Acquires Schutt Sports
LOS ANGELES, CA – Platinum Equity announced today that it has completed the acquisition of substantially all the assets of Schutt Sports through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The United States Bankruptcy Court for the District of Delaware approved the transaction on December 15, 2010. Schutt Sports is a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services. "Schutt Sports is a great company with a strong brand, quality products and enormous potential,” said Jacob Kotzubei, partner, Platinum Equity...
Read moreDecember 10, 2010
Renewable Energy Device Supplier KEMET is Back
E•Boom Finance coverage of the role Platinum Equity played in the survival and long-term fitness of capacitor manufacturer KEMET. A global supplier of devices critical to the renewable energy and other sectors, KEMET went public in October 1992. When its markets collapsed in 2008 and with looming debt repayment deadlines, KEMET shares plummeted and the company was delisted from the New York Stock Exchange. Platinum Equity met with the KEMET management team and created an equity financing deal that was key to KEMET's survival. Relieved of much of its financial pressure, KEMET was able t...
Read moreDecember 03, 2010
Platinum Equity Acquires Ulticom
Los Angeles, CA —Platinum Equity announced today that it has completed the acquisition of Ulticom, Inc., a provider of signaling software used in communications networks. The acquisition was a public-to-private transaction in which Platinum Equity acquired outstanding shares of Ulticom stock for merger consideration of $2.33 per share, after payment of a special dividend in the amount of $5.74 per share in cash. Shares of Ulticom stock held by Ulticom’s controlling shareholder, Comverse Technology, Inc., did not receive merger consideration but were instead purchased pursuant to a sha...
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