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 • June 03, 2019
Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital
LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed. Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. The company is vertically integrated across the full value chain, i...
Read morePress Releases • May 15, 2019
Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy
Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products Businesses LOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close during the second half of 2019, subject to regulatory approval and other customary closing conditions. Artesyn Embedded Technologies has been a p...
Read morePress Releases • May 10, 2019
Compart Systems to Acquire Alpha Precision & Engineering
Platinum Equity Portfolio Company to Expand Footprint with Add-On of Malaysian Precision Manufacturing Business LOS ANGELES (April 10, 2019) – Compart Systems, a portfolio company of Platinum Equity, announced today it has signed a definitive agreement to acquire Alpha Precision Turning & Engineering. Financial terms were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to during Q2 2019. Compart is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related componen...
Read morePress Releases • May 02, 2019
Platinum Equity Completes Acquisition of Livingston International
(Los Angeles, May 2, 2019) – Platinum Equity today announced it has completed the acquisition of North American customs brokerage and trade services firm Livingston International. Headquartered in Toronto, Ontario, with U.S. headquarters in Chicago, Il, Livingston International is the largest pure-play customs brokerage in North America and boasts the widest presence along America’s northern border. It is also the third-largest customs entry filer in the United States. The company serves as a trusted adviser to more than 30,000 businesses globally, facilitating the completion and transm...
Read morePress Releases • April 11, 2019
Platinum Equity and The Gores Group Sell Data Blue to Court Square Capital Partners
Los Angeles, CA, April 11, 2019 – Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners. Financial terms of the transaction were not disclosed. Founded in 2011, Data Blue is a provider of customized infrastructure, cloud architecture and virtualized solutions to enterprise customers in North America. Platinum Equity and The Gores Group, through its Gores Small Capitalization Partners fund, acquired a controlling stake in Data Blue in 2016 and worked together with the company’s management team to drive growth and operational improve...
Read morePress Releases • March 07, 2019
Platinum Equity to Acquire Spanish Seafood Provider Iberconsa from Portobello Capital
LOS ANGELES (March 7, 2019) – Platinum Equity today announced the signing of a definitive agreement to acquire a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. The sellers and members of the Iberconsa management team will be minority investors alongside Platinum Equity. Financial terms were not disclosed. The transaction is expected to close in Q2 2019. Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. T...
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