Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • March 18, 2009
Platinum Equity to Acquire the San Diego Union-Tribune from the Copley Press, Inc.
SAN DIEGO and BEVERLY HILLS, CA – March 18, 2009 – The Copley Press, Inc. and Platinum Equity announced today that they have signed a definitive agreement under which an affiliate of Platinum will acquire San Diego’s leading daily newspaper, The San Diego Union-Tribune. The transaction, which is expected to be completed during the second quarter, culminates a sales process that began in July 2008 when Copley announced it had engaged an adviser to explore strategic alternatives for the newspaper. Harold W. Fuson, Jr., executive vice president for Copley, said that Platinum Equity em...
Read morePress Releases • January 14, 2009
Platinum Equity Acquires Majority Stake in DAUM Commercial Real Estate Services
LOS ANGELES, CA – DAUM Commercial Real Estate Services announced today that Platinum Equity has purchased a majority stake in the company. Terms of the transaction were not disclosed. “Joining forces with Platinum Equity will create tremendous opportunities for our company, our customers and our shareholders,” said Michael Nubel, Chief Executive Officer of DAUM Commercial Real Estate Services. “Our team has worked hard to successfully expand DAUM’s reach and service lines to meet the ever-changing needs of our clients in today’s global economy. We are now entering a new phase an...
Read morePress Releases • November 11, 2008
Platinum Equity Completes Purchase of SCM Metal Products
FOR IMMEDIATE RELEASE LOS ANGELES (November 11, 2008) – Platinum Equity announced today it has completed the acquisition of SCM Metal Products, Inc. from Gibraltar Industries, Inc. (NASDAQ: ROCK). Details of the transaction were not disclosed. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries. “Platinum is very excited about the acquisition of SCM Metals,” said Jacob Kotzubei, the Platinum partner who led the SCM transaction. “We are eager to collaborate with SCM’s management te...
Read morePress Releases • October 09, 2008
Platinum Equity to Purchase SCM Metal Products from Gibraltar
LOS ANGELES, CA (October 9, 2008) – Platinum Equity announced today it has signed a definitive agreement to purchase SCM Metal Products, Inc. from Gibraltar Industries, Inc. (NASDAQ: ROCK) for an undisclosed amount. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries. “This is a very exciting time for all of us at SCM,” said Barton White, President of SCM. “We expect to have additional resources to grow our business both organically and through M&A transactions. There are many oppo...
Read morePress Releases • September 03, 2008
Platinum Equity Closes $2.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced the closing of a $2.75 billion leveraged buyout fund focused on acquiring businesses that can benefit from Platinum’s operational expertise and resources. Platinum launched fundraising with a target of $1.5 billion in committed capital, but strong investor demand and a rising tide of deal opportunities compelled the firm to increase the fund size to $2.75 billion for Platinum Equity Capital Partners II (“Fund II”). Fund I’s performance was at the top of its peer group...
Read morePress Releases • August 04, 2008
Platinum Equity Completes Sale of PNA Group
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor and distributor of metals products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion. The divestiture transaction was previously announced in June. Platinum acquired PNA Group in May, 2006 and created substantial value in the business through a combination of operational initiatives and add-on acquisitions. PNA’s revenue in 2007 was approximately $1.6 billion, up from approximately $1.2 billi...
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