[16] The firm manages four private equity fund vehicles, Platinum Equity Capital Partners, Platinum Equity Capital Partners II,[17] Platinum Equity Capital Partners III,[18] and Platinum Equity Capital Partners IV, a $6.5 billion buyout fund. Website: www.platinumequity.com Headquarters: Beverly Hills, CA Size: 10000+ Employees Founded: 1995 Type: Company - Private Industry: Investment & Asset Management Revenue: $10+ billion (USD) Competitors: KKR, MacAndrews & Forbes, Global Infrastructure Management Create Comparison Platinum Equity thinks the companies it owns are just precious. Solenis Simultaneously Acquires Sigura Water; Combined Entity Creates Diversified Leader in Sustainable Solutions. As part of the transaction, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. Email. HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio Investment in Hong Kong-based undergarment and swimwear company led by Platinums Singapore investment teamLOS ANGELES Acquisition will expand Solenis product offering and strengthen its ability to supply cost-effective, sustainable sol HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p Investment in Hong Kong-based undergarment and swimwear comp Acquisition will expand Solenis product offering and stre Copyright 2022, Platinum Equity Advisors, LLC. Not to mention that Tom Gores bought the Detroit Pistons, and I think Platinum is technically a part owner, too. We are responsible stewards of capital who manage ~$36 billion of diversified assets. First acquisition: Litigation Services, Inc. Business Week ranked Platinum Equity Holdings No. in terms of reputation, they are known to be hardasses, low-ballers and to a certain extent, slimeballs. The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. Returning to an in-person event for . The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. Signing up for our Newsletter is subject to our Privacy Notice. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. lots of turnover and people are genuinely terrible to work with. M&A&O: Platinum Equity trademarked its paradigm-shifting approach. Platinum Equity (Originally Posted: 02/07/2012). The estimated base pay is $166,426 per year. Treat it that way. In 2011, Platinum Equity became a major sponsor of the Detroit Pistons basketball team, which saw Gores as the new owner. The firm focuses on leveraged buyout investments by companies based in the U.S., Europe and Asia. pls and thank you. [2] BusinessWeek ranked the firm number 10 on its 1999 list of the countrys top 20 private IT organizations, based on 1998 revenues. Nick works at Platinum Equity as Vice President - Portfolio Operations. Elemental Holding SA, a global urban mining and recycling company that originated in Poland and now has headquarters in Luxemburg, says it has completed a $290 million equity private placement from a group of international financial institutions led by the International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A. (PFR). Williams Communications first billion-dollar portfolio company. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. LOS ANGELES and IRVINE, Calif., Dec. 9, 2020 /PRNewswire/ -- Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world's largest. Platinum Equity is a global private equity firm that specializes in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries. For additional information about Solenis, please visit www.solenis.com or follow us on social media. 0.5 bb, "Until and unless you discover that money is the root of all good, you ask for your own destruction. Since 1995, Platinum Equity has made over 200 acquisitions across a broad array of industries, including information technology, telecommunications, logistics and distribution, industrials, manufacturing, media, real estate, prison communications and automotive. Aliquam beatae dolor quo ullam ullam molestiae illo. The deal is expected to be completed in the first half of 2021. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. It is always good to question the data and challenge the experts. 1K followers 500+ connections. Fucking terrible mistake. You may unsubscribe any time. Great mid-tier fund. He is responsible for all aspects of business strategy and operations at Platinum Equity's portfolio companies, and is involved in evaluating buy and sell-side opportunities across the firm. Senior Vice President at Platinum Equity Santa Monica, California, United States. By clicking Submit you agree to receive communications from us. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. In July, Platinum Equity announced plans to acquire Imerys SA's High Temperature Solutions business (HTS), a provider of refractory solutions serving more than 6,000 customers primarily in Europe and Asia, in a transaction that is expected to close by the end of the year. Oct 2015 - Dec 20216 years 3 months. [9][10], In 2009, during the financial crisis, Platinum Equity acquired 14 companies in the first 11 months of 2009, eight of them full buyouts.[9]. Vice President at Platinum Equity. He then graduated from the Keck School of Medicine at the University of Southern California and went on to become a practicing head and neck surgeon prior to joining Platinum. 2005-2022 Wall Street Oasis. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout . You may unsubscribe any time. Headquartered in Wilmington, Delaware, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. Platinum Equity specializes in mergers, acquisitions and operations - a trademarked strategy it calls M&A&O - acquiring and operating companies in a broad range of business markets . Omnis eveniet et laborum libero aut illo id. BofA Securities and Goldman Sachs led the debt financing for the acquisition. Mike Ilitch was originally going to purchase the Pistons, until he found out that they were cooking the books a bit. Steven B. Weiner (July/August 2008 Issue ). "Club Car is an iconic . [19], In October 2004, the firm completed the acquisition of CompuCom Systems, Inc. which was one of the largest public-to-private transactions in 2004. Headquartered in Wilmington, Delaware, Solenis supplies innovative specialty chemicals and services for process, functional and water treatment applications in two primary segments: Consumer Solutions (consumer and food packaging, graphic paper and tissue and towel markets) and Industrial Solutions (core water treatment and wastewater markets). With increasing demand for a world thats safer, healthier and more sustainable, Solenis is well-positioned to continue driving sustainable solutions and delivering measurable results for our customers., The addition of Sigura positions Solenis as a more diversified water treatment leader, with increased profitability and attractive growth opportunities, added Panichella. You may unsubscribe any time. We are operators. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. LOS ANGELES--(BUSINESS WIRE)--Platinum Equity, a global acquisition firm uniquely specialized in the operation of mission-critical technology companies, today announced that Brian P. McDonald. The Pistons were top 5 in profitability/value just a few years ago and could easily return to that level. Vice President at Platinum Equity New York, New York, United States. Raptors have varied between 11th and 15th in both profitability in the NBA. Opened first European office in Paris. The companys product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. Ali Bajwa is responsible for managing the transition of newly acquired companies into Platinum Equitys portfolio. The company was founded in 1995 by its current CEO, Tom Gores, a California billionaire who has a net worth estimated at $3.3 billion and. Prestige Equity Partners. It def. Full Bio Jacob Kotzubei Partner from 8 AM - 9 PM ET. I know Tom Gores is a Michigan native but can he really run a basketball team? 10 on its annual list of the countrys top private IT organizations. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. When not President and CEO of Platinum Equity, Mr. Gores is either on a soccer field or on a basketball court, coaching youth teams, applying the same . Michigan State University. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In 2010, it ranked #31 on Forbes Largest Private Companies list for 2010[15] and #1 on the 2010 Los Angeles Business Journal list of LA's Largest Private Companies. "Their product portfolios are also highly complementary and will create a comprehensive, well-rounded offering of brick and powder-based refractories for a global customer base. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Largest acquisition: Emerson Network Power acquired from Emerson for $4B. She became a Certified Public Accountant while working in the audit group of Ernst & Young LLP as a Manager. Current debt conditions for term loan, high yield debt, and mezzanine in LBOs? Platinum is an alternative asset management firm that invests institutional capital from around the globe. Solenis is a 2021 US Best Managed Company. 2x the grease cleaning . Alden to sell Metrorolical and imaging operations.. "Platinum Equity News Telstra to sell majority stake in Sensis", "Platinum Equity Completes Acquisition Of Ingram Micro For $7.2 Billion", Merry X-Ray Acquires SourceOne Healthcare Technologies from Platinum Equity., "Platinum Equity Completes Acquisition of Livingston International", "Platinum Equity buys Livingston International", "Platinum to acquire Livingston International from CPPIB, Sterling - PE Hub", "PrimeSource Sold to Different Private Investment Firm", "Platinum Equity Completes Acquisition Of Global Sewing Machine Manufacturer SVP Worldwide", "Under pressure from activists, L.A. billionaire's prison telecom announces reforms", "Dallas-area company that's targeted prison populations realigns structure, broadens reach", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Platinum_Equity&oldid=1129614621, Private equity firms of the United States, Financial services companies established in 1995, Companies based in Beverly Hills, California, Articles with dead external links from May 2020, Articles with permanently dead external links, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 December 2022, at 09:19. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. 22 on its list of Americas largest private companies. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Solenis CEO John Panichella will lead the combined company following the transition and integration. Just by reading the name I would have assumed it was a real shady place because of the word platinum. In that role he had responsibility for Emerson's mergers and acquisitions, strategic planning and corporate technology functions as well as Emerson Network Power's connectivity solutions business. He also has responsibilities related to post-transition monitoring and oversight of operational performance at certain portfolio companies. Anyone have any insight? [31] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. Tom Gores founded Platinum Equity, and its his guidance, core philosophies and strong principles that drive the strategic development and direction of both the firm and its portfolio. That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. Signing up for our Newsletter is subject to our Privacy Notice. The portfolio Operations team works closely with management, applying an approach that typically requires an extended on-site presence. From the way the guy is - very into sports, big bball fan - I'm guessing he wants to hold it long-term, Teachers (OTPP) also own Leafs and Raptors which has done well: http://blogs.forbes.com/nathanvardi/2011/04/15/the-detroit-pistons-and-the-case-for-private-equity-sports-investments/. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. See you on the other side! Comp is solid, VP out of Boston makes over $1mm all-in (not sure of the breakdown). Mary Ann Sigler joined Platinum Equity in 2004. Explore The Full Platinum Equity Portfolio. Read Sun-tzu, The Art of War. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. You may unsubscribe at any time. Clough Global Equity Fund reported earnings results for the full year ended October 31, 2022. NDC president and CEO Mark Seitz will continue to lead the business under Platinum . While in Platinum Equitys portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. I'm glad people here actually know something about the firm. Previously Mr. Kelln was a senior executive at Jacuzzi Brands, Inc. where he served as President of Jacuzzi, Inc. Both companies were distributors of radiology products like film, chemicals and lead shields. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers. The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. "Platinum Equity shuts 3rd fund at $3.75 billion", "Platinum Equity Capital Partners IV raises $6.5 bln - PE Hub". When typing in this field, a list of search results will appear and be automatically updated as you type. We are strongly committed to protecting your privacy. [2], Over the next five years, between July 1996 and September 2001, the firm made 32 acquisitions with $226 million, and realized $940 million on those investments. [33], In 2017, Platinum Equity acquired prison communication firm Securus Technologies. Heather Bell. . ASA President, Dr. David A. Norris, added, "Candid's Platinum designation is reflective of ASA's proven success in attaining full financial transparency. Prior to joining Platinum Equity in 2005, Ms. Chapman was a Vice President in the International Private Equity Group of Trust Company of the West (TCW) in Los Angeles where she traveled extensively representing TCWs interest with their joint venture partners. Signing up for our Newsletter is subject to our Privacy Notice. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Team success isn't as correlated with profitability as you'd think. We are builders. Also have heard bad things but it's definitely the better of the two between this and Gores. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. http://ayainsight.co/ Curating the best advice and making it actionable. Tom Baxter has written about politics and the South for more than four decades. Given that if Platinum Equity investors are financing a portion of this, they will seek a 3-7 year exit, I'm not sure how great it is as a PE investment, although Gores might see a great ROI over a longer horizon. All Rights Reserved. Portfolio Operations executes the plan created during diligence. We are strongly committed to protecting your privacy. Our unique combination of people and process, known as M&A&O, helps turn companies into market leaders and creates value that lasts. They're known as bottom feeders in finding deals/companies. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. Senior Vice President. Really?! All Rights Reserved. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. They're not a money loser but I wouldn't see them as a great investment in terms of real returns. John Diggins brings a comprehensive background in financial growth management and mergers & acquisitions activity to the company, in addition to broad operating experience. By clicking Submit you agree to receive communications from us. The transaction is expected to be completed in the first half of 2023, subject to customary closing conditions and regulatory approval. We are strongly committed to protecting your privacy. Building, Floor 2Greenwich, CT 06831+1 203.930.2010, 52 Vanderbilt Avenue21st FloorNew York, NY 10017+1 212.905.0010, 5 Hanover Square1st FloorLondon W1S 1HQUnited Kingdom+44 (0) 20.3535.0899, 12 Marina View#21-05 Asia SquareTower 2Singapore 018961+65 6709 4090. The M&A&O team is involved from the beginning, starting as early as the management presentation. Debt, and mezzanine in LBOs Through, +Bonus: Get 27 financial templates. Own destruction and industry in Michigan is decreasing but can he really run a basketball team people around world! Jacob Kotzubei Partner from 8 AM - 9 PM ET when typing this! Down protein-rich foods n't as correlated with profitability as you 'd think Gores bought the Detroit Pistons basketball team automatically. Maurice S. Nelson Jr. and added three locations, tips, bonuses, and hourly pay based upon employee and... Open Through, +Bonus: Get 27 financial Modeling templates in swipe file the first of... 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