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 • July 13, 2018
Platinum Equity Announces $1.5 Billion Small Cap Fund Focused on Lower Middle Market Transactions
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy On Smaller Deals LOS ANGELES, CA (July 13, 2018) – Platinum Equity announced today the close of capital raising for Platinum Equity Small Cap Fund, L.P, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market. The fund was oversubscribed and held a single closing at a hard cap of $1.5 billion. It will focus exclusively on the lower middle market, complementing the firm’s flagship $6.5 billion Platinum Equity Capital Partn...
Read morePress Releases • July 03, 2018
Platinum Equity Acquires PLI Card Marketing Solutions
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle Market LOS ANGELES AND LAS VEGAS (July 2, 2018) – Platinum Equity and PLI Card Marketing Solutions (a.k.a. Plasticard-Locktech Interational) announced today that Platinum Equity has acquired PLI from affiliates of the company’s founders. Financial terms were not disclosed. Headquartered in Las Vegas, NV, PLI is a leading provider of gift, loyalty and membership card marketing solutions, including card production, personalization, fulfillment, direct mail and print services. PLI is also th...
Read morePress Releases • July 02, 2018
Pitney Bowes Completes Sale of Document Messaging Technologies Business to Platinum Equity
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologies (DMT) production mail and supporting software business to Platinum Equity has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close sometime in the third or early fourth quarter, subject to individual country regulatory requirements. The company expects to use the majority of the net proceeds from the sale to pay down debt. Pitney Bowes is a global technology company that provides commerce so...
Read morePress Releases • July 01, 2018
Platinum Equity Hires Kris Agarwal as General Counsel
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel. Mr. Agarwal recently joined the firm and oversees Platinum Equity’s legal department, legal support for Platinum Equity’s fund and investor relations, and legal affairs for the firm’s portfolio companies. Mr. Agarwal succeeds Eva Kalawski, who is retiring after serving as Platinum Equity’s General Counsel for more than 20 years. Prior to joining Platinum Equity, Mr. Agarwal spent nearly 10 years with Lime Rock Management, where he was General Counsel and...
Read morePress Releases • June 21, 2018
Verra Mobility Announces Merger Agreement with Gores Holdings II, Inc.
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Read morePress Releases • June 21, 2018
Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will own 51percent of Ball Metalpack and Ball Corporation will own 49 percent. Ball Corporation will contribute its U.S. steel food and aerosol packaging manufacturing assets to the joint venture. These ...
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