Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel
Co-President Louis Samson: Firm’s ‘approach to value creation’ makes good fit with Solo.
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June 30, 2011
Platinum Equity Confirms Sale of Strategic Distribution, Inc.
Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital Partners. Financial terms of the transaction were not disclosed. SDI provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico. Platinum Equity acquired SDI through a public-to-private transaction in March 2007 and executed an operational turnaround that stabilized SDI’s financial performance and reoriented the company’s commercial strategy. Several new contract win...
Read moreJune 24, 2011
KEMET Corporation Set to Join Russell 3000 Index
Greenville, SC - KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a preliminary list of additions posted on June 17 on the Russell Investments web site. Platinum Equity made an investment in KEMET in June of 2009 and has played a role in its operational restructuring. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The Russell 3000 also serves as the U.S. component to the Russell Global Index. Russell determines membership for it...
Read moreJune 16, 2011
Schutt Sports Acquires Adams USA Football Helmet and Faceguard Product Lines
Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services, announced today that it acquired certain football helmet and faceguard assets from Adams USA. Financial terms of the transaction were not disclosed. Schutt Sports will assume responsibility for manufacturing the acquired product lines and will continue marketing helmets and faceguards under the Adams brand name. “Adams is a respected, traditional football brand that has served its customers very well over the years,” said Robert Erb, Schutt Spo...
Read moreMay 31, 2011
NBA Board of Governors Unanimously Approves Sale of Detroit Pistons to Tom Gores
New York, NY – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores and his investment firm, Platinum Equity. The transaction is expected to close shortly."We are delighted that the NBA’s Board of Governors approved Tom Gores’ purchase of majority ownership of the Pistons,” said NBA Commissioner David Stern. “We look forward to the Pistons’ continued growth, both on and off the court, under his leadership.”...
Read moreMay 24, 2011
Platinum Equity Acquires Active Aero Group
Los Angeles, CA and Belleville, MI – Platinum Equity announced today that it has acquired a majority stake in Active Aero Group, Inc. (“Active Aero”), a provider of expedited transportation and logistics solutions. Platinum acquired the majority stake in Active Aero from a consortium of sellers, including Berkshire Partners LLC and Greenbriar Equity Group LLC. The sellers retained a minority interest in the business. Terms of the transaction were not disclosed. “Active Aero’s enthusiastic and highly-skilled logistics experts deliver expedited transportation solutions to its cus...
Read moreApril 13, 2011
How a Newspaper is Fending Off Groupon
In light of the overwhelming success of Groupon and LivingSocial, a program created by The San Diego Union-Tribune is, according to DigiDay Daily, giving them a run for their money. The Daily Deal program at the Union-Tribune negotiates discounts with local merchants much like Groupon and LivingSocial. The edge that the Daily Deal maintains, however, is its front-page placement on the newspaper which is seen by over 1 million subscribers weekly. In addition, the Daily Deal reaches the Union Tribune's online audience. DigiDay Daily also notes that the Union-Tribune's Daily Deal is one of ...
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