Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b...
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Press Releases • January 07, 2020
Platinum Equity Announces $10 Billion Final Close for Flagship Private Equity Fund
Platinum Equity Capital Partners V Will Deploy Firm’s Signature M&A&O® Strategy LOS ANGELES, CA (January 7, 2020) – Platinum Equity announced today the final close of its latest global buyout fund, Platinum Equity Capital Partners V, with $10 billion in total capital commitments.“We are very grateful for the support of our investors worldwide who have entrusted us with their capital and helped extend our global investment reach,” said Tom Gores, founder, chairman and CEO of Platinum Equity. “We have great momentum, with a well-oiled investment machine built on discipli...
Read morePress Releases • December 10, 2019
Vertiv, a Platinum Equity Portfolio Company, to List on New York Stock Exchange Through Business Combination with GS Acquisition Holdings
Creates publicly traded, pure-play critical digital infrastructure provider Columbus, Ohio Dec. 10, 2019 – Vertiv Holdings LLC (“Vertiv”), a Platinum Equity portfolio company, and a global provider of critical digital infrastructure and continuity solutions, today announced it will become a publicly traded company through a merger with GS Acquisition Holdings Corp (NYSE: GSAH, GSAH.U, GSAH WS), a special purpose acquisition company co-sponsored by an affiliate of The Goldman Sachs Group, Inc. and David M. Cote. Mr. Cote, CEO of GSAH and former Executive Chairman of the Board and CEO o...
Read morePress Releases • November 22, 2019
Platinum Equity enters into exclusive negotiations to acquire Biscuit International from Qualium Investissement
Paris, 22 November 2019 – Platinum Equity, a global investment firm based in Los Angeles, announced that it has entered into exclusive negotiations with Qualium Investissement to acquire Biscuit International, a leading European manufacturer of private label sweet biscuits. Headquartered in Paris, Biscuit International employs approximately 1,900 people and generated sales in excess of €500m during the last 12 months, of which approximately two-thirds came outside France. The company markets a wide range of products with a European or local presence, including traditional biscuits and a...
Read morePress Releases • November 01, 2019
Platinum Equity Portfolio Company PAE Announces Merger Agreement with Gores Holdings III, Inc.
PAE to be Publicly Listed Company with $1.55 Billion Enterprise Value upon Consummation of Transaction LOS ANGELES (November 1, 2019) – Platinum Equity portfolio company PAE (“PAE” or the “Company”), trusted provider of outsourced solutions for enduring missions of the United States government and international partners for over 60 years, announced it has entered into a definitive agreement and plan of merger with Gores Holdings III, Inc. (“Gores Holdings III”) (NASDAQ CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Gr...
Read morePress Releases • October 30, 2019
Platinum Equity Acquires Global Marine Contractor De Wave Group
LOS ANGELES (October 30, 2019) – Platinum Equity today announced the acquisition of De Wave Group from Xenon Private Equity. Financial terms were not disclosed. Headquartered in Genoa, Italy, De Wave is a marine contractor that specializes in cruise ship interiors, providing both new build and refit services to ship builders and cruise operators. “With more than 60 years in the maritime industry, De Wave is an experienced and highly respected partner to many of the world’s leading ship builders and operators,” said Platinum Equity Partner Louis Samson. “The company’s exceptio...
Read morePress Releases • October 22, 2019
Cision Ltd. Announces Agreement to Be Acquired by an Affiliate of Platinum Equity for $10.00 Per Share in All Cash Deal Valued at Approximately $2.74 Billion
Transaction Provides Immediate Value for Shareholders Acquisition Expected to Close in Q1 2020 CHICAGO, Oct. 22, 2019 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.74 billion. Under the terms of the agreement, which has been unanimously approved by the members of Cision Ltd.'s board of directors, an affiliate...
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