July 03, 2018
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle Market LOS ANGELES AND LAS VEGAS (July 2, 2018) – Platinum Equity and PLI Card Marketing Solutions (a.k.a. Plasticard-Locktech Interational) announced today that Platinum Equity has acquired PLI from affiliates of the company’s founders. Financial terms were not disclosed.Headquartered in Las Vegas, NV, PLI is a leading provider of gift, loyalty and membership card marketing solutions, including card production, personalization, fulfillment, direct mail and print services.PLI is also the world's ...
Read moreJuly 02, 2018
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
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
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
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...
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