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 • May 01, 2008
Platinum Equity Completes Acquisition of Composite Manufacturing Plants in Belgium and Norway
LOS ANGELES (May 1, 2008) – Platinum Equity announced today that it has completed the acquisition of Owens Corning’s composite manufacturing plants in Battice, Belgium and Birkeland, Norway, as well as intellectual property and business assets related to those facilities. The plants manufacture and sell composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goods industries, among others. Owens Corning sold the facilities to address regulatory concerns associated with its acquisition of Saint-Gobain’...
Read morePress Releases • April 15, 2008
Platinum Equity Completes Acquisition of Covad Communications Group, Inc.
LOS ANGELES and SAN JOSE, CA (April 15, 2008) – Platinum Equity announced today it has completed the acquisition of Covad Communications Group, Inc., a leading national provider of integrated voice and data communications. The total value of the transaction is approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares of Covad stock for $1.02 per share in cash. The company previously traded on the American Stock Exchange under the ticker symbol DVW. “Covad has been an innovator since the day...
Read morePress Releases • November 11, 2007
Thomas W. Ehardt Appointed CEO of Advogent Group
PISCATAWAY, NJ (January 30, 2008) – Thomas W. Ehardt, a senior executive with more than 25 years experience leading healthcare marketing and education businesses, has been named Chief Executive Officer of the Advogent Group. Advogent, a Platinum Equity company, provides communications and educational solutions to the pharmaceutical, biotechnology and medical device industries, including publication planning, healthcare communications, event management logistics, compliant data systems and strategic outsource solutions. “Tom is an experienced professional with a strong track record fo...
Read morePress Releases • October 19, 2007
Platinum Equity Completes Acquisition of Ryerson Inc.
Takes Company Private in Transaction Valued at Approximately $2 Billion LOS ANGELES (October 19, 2007) – Platinum Equity announced today that it has completed the acquisition of Ryerson Inc., one of the largest metal service centers in North America with annual revenue of approximately $6 billion. The acquisition was a public-to-private transaction in which Platinum acquired all outstanding shares of Ryerson stock for $34.50 per share. The company previously traded on the New York Stock Exchange under the ticker symbol RYI. “Ryerson has a great history and also great potential,”...
Read morePress Releases • October 03, 2007
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners Company Became a Leading IT Solutions Provider Following Acquisition by Platinum and Follow-On Addition of GE IT Solutions Unit BEVERLY HILLS, California (October 3, 2007) – Platinum Equity announced today that it has completed the sale of portfolio company CompuCom Systems to an affiliate of Court Square Capital Partners in a transaction valued at approximately $628 million. CompuCom is a leading provider of a broad range of information technology solutions that help clients through the...
Read morePress Releases • July 24, 2007
Ryerson to be Acquired by Platinum Equity for $34.50 Per Share in Cash
Chicago, IL, July 24, 2007 –Ryerson Inc. (NYSE: RYI) today announced that it has entered into a definitive merger agreement to be acquired by Platinum Equity, a leading private equity firm, in a transaction valued at approximately $2.0 billion. Under the terms of the agreement, an affiliate of Platinum Equity will acquire all of the outstanding shares of Ryerson common and convertible preferred stock for $34.50 per share in cash. The cash purchase price per share of $34.50 represents a 15% premium over Ryerson’s closing share price of $30.01 on February 13, 2007, the day prior to the an...
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