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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November 22, 2024
Centerfield Acquires Social Commerce Platform Brainjolt
LOS ANGELES, November 21, 2024 /PRNewswire/ -- Centerfield, a premier technology service for digital customer acquisition, today announced the acquisition of Brainjolt, a social commerce platform that curates and promotes products to its engaged audiences on Meta, Snap and TikTok. Centerfield's digital brands and proprietary platform, Dugout, engage in-market consumers and supercharge customer acquisition for leading brands in home services, insurance, business services, e-commerce, and many other categories. With Brainjolt, Centerfield adds social commerce capabilities to drive additional ...
Read moreNovember 20, 2024
Cabinetworks CEO: How Tandem Has Company Poised for Expected Housing Market Uptick
LIVONIA, Mich. - Although the housing market remains challenging, Cabinetworks Group CEO Jeff Jackson is cautiously optimistic that the company is poised for growth following a turbulent post-pandemic period that has resulted in pent-up demand for home construction and remodeling. Since taking the role of CEO this summer, Jackson and parent firm Platinum Equity have made major investments in both operations and talent. Six new executives, including a chief operating officer, chief marketing officer and chief revenue officer have joined the team. A particular emphasis has been placed on ...
Read morePress Releases • November 12, 2024
Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024) – Platinum Equity portfolio company Jostens today announced a nearly $640 million recapitalization in connection with a $450 million strategic equity investment from an affiliate of Koch Equity Development LLC (“KED”), the principal investing and acquisition arm of Koch, Inc., and a debt refinancing transaction. The KED equity investment is subject to consummation of the debt refinancing. Proceeds will fund a distribution to Jostens’ existing equity holders and KE...
Read moreOctober 29, 2024
Ingram Micro begins trading on NYSE
Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million in Ingram Micro’s return to public markets Tuesday, October 29, 2024 NEW YORK — Executives from Platinum Equity-backed Ingram Micro (INGM.N) rang the bell at the New York Stock Exchange (NYSE) on Thursday, October 24 to celebrate the global technology distributor’s return to the public markets. Ingram Micro’s initial public offering (IPO) priced the day before at $22 per share, which was at the middle of its marketed range, with Ingram Micro and affiliates of...
Read moreOctober 16, 2024
Platinum Equity Acquisition of Sunrise Medical Recognizes 'Important' German Market
The World Health Organization is predicting the population of people aged 60 years and older will grow to 2.1 billion globally by 2050, while the number of Americans 65 and older is projected to increase from 58 million in 2022 to 82 million by the middle of the century. The expected rise in ageing populations is one reason Platinum Equity acquired Sunrise Medical Group. Headquartered in Malsch, Germany, with North American headquarters in Mt. Juliet, Tenn., Sunrise Medical develops, manufactures, and distributes assistive mobility products, which include manual and power wheelchairs. ...
Read morePress Releases • October 10, 2024
Platinum Equity's Credit Team Leads New Term Loan for RELAM
Incumbent lender Platinum steps up again with new financing solution to support RELAM’s continued growth LOS ANGELES (Oct. 10, 2024) – Platinum Equity announced today it led a new and upsized Second-Lien Term Loan (“Term Loan”) for Railway Equipment Leasing and Maintenance Inc. (“RELAM”) to refinance the company’s existing indebtedness and support future growth of the business. RELAM is a provider of specialty rental equipment for recurring, regulatory-driven maintenance-of-way (“MOW”) work on railroads, serving the industry’s largest operators and contracted service ...
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