Platinum Equity Completes Capital Raising for Second Lower Middle Market Fund
LOS ANGELES (Sept. 5, 2025) – Platinum Equity confirmed today the recent completion of capital raising for Platinum Eq...
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July 02, 2018
Pitney Bowes Completes Sale of Document Messaging Technologies Business to Platinum Equity
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologies (DMT) production mail and supporting software business to Platinum Equity has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close sometime in the third or early fourth quarter, subject to individual country regulatory requirements. The company expects to use the majority of the net proceeds from the sale to pay down debt. Pitney Bowes is a global technology company that provides commerce so...
Read moreJuly 01, 2018
Platinum Equity Hires Kris Agarwal as General Counsel
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel. Mr. Agarwal recently joined the firm and oversees Platinum Equity’s legal department, legal support for Platinum Equity’s fund and investor relations, and legal affairs for the firm’s portfolio companies. Mr. Agarwal succeeds Eva Kalawski, who is retiring after serving as Platinum Equity’s General Counsel for more than 20 years. Prior to joining Platinum Equity, Mr. Agarwal spent nearly 10 years with Lime Rock Management, where he was General Counsel and...
Read moreJune 21, 2018
Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will own 51percent of Ball Metalpack and Ball Corporation will own 49 percent. Ball Corporation will contribute its U.S. steel food and aerosol packaging manufacturing assets to the joint venture. These ...
Read moreJune 19, 2018
Platinum Equity to Sell Worldwide Flight Services for €1.2 Billion
Successful investment adds to Platinum Equity’s continued momentum in Europe LOS ANGELES (June 19, 2018) – Platinum Equity today announced it has signed a definitive agreement to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, L.P. in a transaction valued at approximately €1.2 billion. The sale is expected to close during Q4 2018, subject to regulatory approval and certain closing conditions. Since Platinum Equity acquired the company in 2015, WFS has grown significantly, both organically and through a transformative add-on acquisition, and is now...
Read moreJune 12, 2018
Johnson & Johnson Announces Acceptance of Binding Offer From Platinum Equity To Acquire LifeScan, Inc.
NEW BRUNSWICK, N.J. (June 12, 2018) – Johnson & Johnson (NYSE: JNJ) today announced that it has accepted the binding offer from Platinum Equity, previously announced on March 16, 2018, to acquire its LifeScan business for approximately $2.1 billion. LifeScan, Inc. is a world leader in blood glucose monitoring and maker of the OneTouch® brand of products. This acceptance was made after consultation with relevant works councils and trade unions. The transaction is expected to close by the end of 2018, subject to the satisfaction of regulatory clearances and other customary closing...
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