Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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Press Releases • June 08, 2016
Platinum Equity to Sell MetoKote to PPG
LOS ANGELES, CA (June 8, 2016) – Platinum Equity today announced the signing of a definitive agreement to sell MetoKote to PPG (NYSE:PPG). MetoKote is a U.S.-based provider of industrial coating services. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close in the third quarter of 2016. “MetoKote’s success is a result of a great partnership with the management team and a lot of hard work by the company’s dedicated employees,” said Platinum Equity Partner Bob Wymbs. “Working together we have grown the b...
Read morePress Releases • May 31, 2016
Electro Rent and Platinum Equity Sign Definitive Merger Agreement
Platinum Equity to Acquire Electro Rent for $13.12 per Share in All Cash Transaction BEVERLY HILLS and VAN NUYS, Calif. – May 31, 2016 – Platinum Equity and Electro Rent Corporation (Nasdaq: ELRC) today announced that they have entered into a definitive agreement under which Electro Rent would be acquired by Platinum Equity for approximately $323.4 million. Under the agreement, Platinum Equity would acquire all of Electro Rent’s common stock. Electro Rent stockholders will receive $13.12 per share, representing a premium of 24.4% over the closing price on May 27, 2016, and 34.8% ove...
Read morePress Releases • May 02, 2016
Funds Affiliated with Apollo Global Management to Acquire AmQuip Crane Rental and Maxim Crane Works
PITTSBURGH & TREVOSE, Pa. & NEW YORK--Funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) announced today that they have signed definitive agreements to acquire AmQuip Crane Rental (“AmQuip”) from affiliates of Clearlake Capital Group, L. P. (“Clearlake”) and Maxim Crane Works (“Maxim”) from affiliates of Platinum Equity. Upon the closing of these transactions, Apollo intends to combine Maxim and AmQuip, creating a premier lifting solutions provider operating a modern crane rental fleet comprise...
Read morePress Releases • April 27, 2016
Avery Dennison to Acquire Mactac Europe
GLENDALE, Calif.--Avery Dennison (NYSE:AVY) today announced a definitive agreement to acquire the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt. With 2015 year-end run-rate revenues of €147 million, or approximately $170 million, and approximately 470 employees, the business is a leading manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes. Mactac’s core product lines complement Avery...
Read morePress Releases • March 17, 2016
Exterion Media selected for TfL's Rail Advertising contract
The largest Out-of-Home contract in the world sets the foundation for a ground-breaking, data-driven partnership spanning 8.5 years Transport for London (TfL) announced today that it has selected Exterion Media as its new commercial Partner for its Rail Advertising contract, offering innovative solutions to advertisers, maximising revenues and enhancing the customer experience. “We are hugely excited to be working in partnership with TfL to create more dynamic opportunities to connect with the London Audience over the next decade,” explains Shaun Gregory, CEO, Exterion Media. “Together...
Read morePress Releases • March 15, 2016
Platinum Equity Completes Acquisition of PAE
LOS ANGELES (March 15, 2016) – Platinum Equity announced today it has completed the acquisition of PAE, a leading provider of support services for the U.S. government, its allied partners and international organizations. Financial terms were not disclosed. PAE, headquartered in Arlington, Va., supports the execution of complex and critical missions by providing global logistics and stability operations, technical services and national security solutions to customers on all seven continents. “PAE has a rich history with strong long-term customer relationships and dedicated employe...
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