Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • March 13, 2017
Platinum Equity Announces Closing of $6.5 Billion Fund
LOS ANGELES, CA (March 13, 2017) – Platinum Equity announced today the close of Platinum Equity Capital Partners IV, a $6,500,000,000 global buyout fund. The fund was heavily oversubscribed, driven by the success of Platinum’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capability and resources. “We are grateful to investors for believing in Platinum, supporting our growth and trusting us to invest their money wisely,” said Tom Gores, chairman and chief executive officer of Platinum Equity. “Our job now is to continu...
Read morePress Releases • March 13, 2017
Platinum Equity to Acquire Staples’ Business in Australia and New Zealand
FRAMINGHAM, Mass. & LOS ANGELES (March 13, 2017)— Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which Platinum Equity will acquire Staples’ business in Australia and New Zealand for an undisclosed sum. The transaction is expected to close in the second calendar quarter of 2017. Staples is a leading supplier of business products, services and solutions in Australia and New Zealand. The company serves a diverse variety of customers, ranging from small-and-medium businesses to large enterprises, including federal, state and territory leve...
Read morePress Releases • January 03, 2017
Platinum Equity Acquires Businesses of Cox Target Media
LOS ANGELES (Jan. 3, 2017) – Platinum Equity today announced it has acquired the businesses of Cox Target Media (CTM) from Cox Media Group. Financial terms of the transaction were not disclosed. Based in St. Petersburg, Fla., CTM’s businesses comprise one of the nation’s largest direct marketing service providers, reaching more than 100 million consumers, primarily through Valpak “Blue Envelope” household mailers, as well as Savings.com, an online provider of digital coupons and promotional codes. Adam Cooper, the principal at Platinum Equity whose team led ...
Read morePress Releases • December 30, 2016
Platinum Equity Completes Acquisition of Chinese Manufacturing Businesses from Broadway Industrial Group Limited
LOS ANGELES (Dec. 30, 2016) – Platinum Equity today announced it has completed the acquisition of the Foam Plastic Solutions (“FPS”) and Flow Control Devices (“FCD”) businesses of Broadway Industrial Group Limited. FPS is a leading supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets. FCD supplies high-performance parts such as valves, fittings, sensors, and related components used in diverse end-applications. Platinum Equity is a Los Angeles-based global private equity firm focused on acquiri...
Read morePress Releases • December 02, 2016
Platinum Equity Completes Sale Of Mactac North American Business To LINTEC
LOS ANGELES (Dec. 2, 2016) – Platinum Equity announced today it has completed the sale of Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately $375 million. LINTEC, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in 15 countries around the world. Mactac, headquartered in Ohio, is a manufacturer and distributor of pressure sensitive labels with operations in the United States, Canada and Mexico. The company’s products are used in a wide range of industries including label printing, graphic design, packagin...
Read morePress Releases • December 01, 2016
Emerson Completes Sale of Network Power to Platinum Equity
Emerson Completes Sale of Network Power to Platinum Equity Transaction closing marks another milestone in the strategic portfolio repositioning process ST. LOUIS, December 1, 2016 – Emerson (NYSE: EMR) today announced that it has completed the sale of its Network Power business to Platinum Equity and a group of co-investors. Emerson received proceeds of $4 billion and retained a subordinated interest in the business. “The completion of this transaction is an important step in our strategic portfolio repositioning as we work to streamline the company and create opportunities...
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