Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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August 05, 2013
Emerson Reaches Agreement to Sell Majority Interest in Embedded Computing & Power Business to Platinum Equity
ST. LOUIS--August 06, 2013--Emerson (NYSE: EMR) today announced an agreement to sell a 51 percent stake in its embedded computing and power business to Platinum Equity. Emerson will receive approximately $300 million in cash and will retain a 49 percent noncontrolling interest in the business, which will operate as an independent company. Share repurchase will be increased by $600 million to offset associated earnings dilution. "After extensive consideration, we have found an arrangement to exit this business in a manner that maximizes its value for our shareholders, " said Emerson Chairman...
Read moreJuly 16, 2013
Platinum Equity Makes Irrevocable Binding Offer of $225 Million for CBS Outdoor International
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has made an irrevocable binding offer to acquire the assets of CBS Outdoor International (“CBSO International”). The proposed transaction represents a total value of approximately $225 million and is subject to completion of works council consultation and other conditions. CBSO International is a leading outdoor media company and is among the largest out-of-home media and billboard businesses in Europe, providing custom media solu...
Read moreJune 18, 2013
Neovia Logistics To Acquire MIQ Contract Logistics Business
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving the automotive, industrial, mining, aerospace and defense industries, announced today that it has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings, Inc. The contract logistics business provides warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of nine facilities in the United States and Canada. “The contract logistics ...
Read moreJune 07, 2013
UNICOM Systems acquires U.S. Robotics from Platinum Equity
Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today signed an all-cash deal to acquire U.S. Robotics Corporation, a Delaware corporation, and its domestic parent Rockstar Holding Corporation, as well as its US Subsidiary, U.S. Robotics Americas LLC, its UK Subsidiary, U.S. Robotics (U.K.) Limited, and its German Subsidiary, U.S. Robotics (Deutschland) GmbH (collectively USRobotics) from Platinum Equity. USRobotics, with its long history of communication innovation, will expand and build on UNIC...
Read moreMay 02, 2013
Platinum Equity Completes Acquisition of CheckView
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckView from Checkpoint Systems, Inc. (NYSE: CKP). CheckView is a leading security systems integrator that provides physical and electronic security solutions exclusively for retail customers. The company markets fire and life safety alarm systems, intrusion alarm and access control systems, digital anti-theft video solutions, and central station monitoring services. “We are excited about the prospects for CheckView as an independent enterprise,” said Platinum Equity Par...
Read moreMay 01, 2013
Platinum Equity Completes Sale of Contego Healthcare Business
LOS ANGELES, Calif. (May 1, 2013) – Platinum Equity announced today it has completed the sale of Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona plc, for cash consideration of approximately £160 million. The healthcare packaging business is one of Europe’s leading and most technically advanced packaging manufacturers and makes cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets. The sale includes Contego Healthcare’s ten manufacturing sites in the UK, Italy, Germany, France and ...
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