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May 09, 2018

Wyndham Worldwide Announces Completion of its Sale of its European Vacation Rentals Business

PARSIPPANY, N.J. (May 9, 2018) — Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sale of its European vacation rentals business to an affiliate of Platinum Equity, LLC, a leading global private equity firm, for approximately $1.3 billion. The industry-leading European vacation rentals business is the largest manager of holiday rentals in Europe, with more than 110,000 units in over 600 destinations across more than 25 countries.  The business operates more than two dozen local brands, including cottages.com, James Villa Hol...

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May 01, 2018

Platinum Equity Completes Acquisition of American & Efird

LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American & Efird (A&E) from an affiliate of KPS Capital Partners, LP. Financial terms were not disclosed. Headquartered in Mt. Holly, North Carolina, A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. A&E thread is used by producers of apparel, automotive components, home furnishings, medical supplies, footwear and certain indus...

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May 01, 2018

Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger

  Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger Creates the largest interior finish services company in the US with $1.5 billion in revenue Paves the way for new investments in facilities, technology and customer service Creates a national brand with a footprint reaching from coast to coast ATLANTA, GA and IRVINE, CA, (May 1, 2018) - Interior Logic Group, Inc. (ILG) and Interior Specialists, Inc. (ISI), the two largest companies in the interior finishes industry, announced today they have signed a definitive agreement to merge under the Interio...

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April 30, 2018

Platinum Equity to Acquire Pitney Bowes’ Global Production Mail Business

Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce, today announced that Platinum Equity has signed a definitive agreement to acquire the Company’s Document Messaging Technologies (DMT) production mail business and supporting software for $361 million, subject to certain adjustments. The company anticipates proceeds from the sale of approximately $270 million, net of estimated closing costs, transaction fees and taxes.  Pitney Bowes expects to use the majority...

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April 09, 2018

Platinum Equity Announces American Traffic Solutions Acquisition of Euro Parking Collection

LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) by Platinum Equity portfolio company American Traffic Solutions (ATS).  Financial terms of the transaction were not disclosed, but certain seller shareholders will become shareholders of the combined group. Euro Parking Collection plc (EPC) specializes in the identification, notification and collection of unpaid traffic and public transport related fees, charges and penalties issued to foreign registered vehicles or rental vehicles with foreign or non-resident hirers (FRV) acro...

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March 29, 2018

Platinum Equity Completes Acquisition of Husky Injection Molding Systems

LOS ANGELES (March 29, 2018) – Platinum Equity announced today that it has completed the acquisition of Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion. Based in Bolton, Ontario, Husky is a global supplier of highly engineered injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical molds, and specialty closure molds. Husky’s state-of-the-art manufacturing equipment is delivered to a wide range of customers in variou...

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