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 • 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 ...
Read moreOctober 01, 2024
Platinum Equity Carveout Experience, Expected Growth in Organic Milk Market Fuels Horizon Investment
The organic dairy market is expected to grow because of rising demand and other factors. In an interview shortly after Platinum Equity closed on Horizon Organic, the largest USDA-certified organic dairy brand in the world, Managing Director Adam Cooper cited that trend. “The brand has earned a reputation for quality and innovation that is unmatched in the industry. We appreciate Danone’s confidence in our ability to build on that legacy and support Horizon Organic’s growth as a standalone company.” Louis Samson, Co-President, Platinum Equity “Broadly speaking, the milk indu...
Read morePress Releases • September 18, 2024
Platinum Equity to Acquire Polli, Italian Producer of Pasta Condiments and Vegetable Preserves
One of EU’s largest pesto producers to partner with Platinum in pursuit of continued growth, international expansion Founding Polli family to retain stake in 150+ year-old business LOS ANGELES (September 18, 2024) – Platinum Equity announced today the signing of a definitive agreement to acquire a majority stake in F.lli Polli S.p.A. ("Polli"), a leading producer of pasta condiments and vegetable preserves, from affiliates of the founding Polli family. Financial terms of the transaction were not disclosed. The Polli family will retain a minority stake in the business together with...
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